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FM-Turkish Pres 'Sacrificing Econ To Support Hamas' w/Trade Restrictions

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Wires carrying comments from Israeli Foreign Minister Israel Katz stating that in response to Turkey'srestriction on exportsto Israel, the gov't of PM Benjamin Netanyahu would prepare its own trade restrictions on Turkish products. Katz says that Turkish President Recep Tayyip Erdogan is "sacrificing Turkey's economic interests in order to support Hamas", and has "unilaterally violated" trade agreements between the two countries.

  • The Turkish export restrictions total 54 products that can now no longer be exported to Israel including aluminum wires, steel, cement, construction materials, granite, chemicals, pesticides, engine oils, jet fuel, and bricks.
  • Reuters: "According to the data published by the Turkish Exporters Assembly (TIM), while trade with Israel has fallen since Oct. 7, exports to Israel have increased each month in 2024 so far, and were worth $423.2 million in March.Total exports in the first quarter of the year amounted to $1.1 billion, down 21.6% year-on-year, TIM data showed."
  • In 2022, Turkey was Israel's third largest source of imports, accounting for 6.8% of the total behind China (13.9%) and the US (11.2%)
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Wires carrying comments from Israeli Foreign Minister Israel Katz stating that in response to Turkey'srestriction on exportsto Israel, the gov't of PM Benjamin Netanyahu would prepare its own trade restrictions on Turkish products. Katz says that Turkish President Recep Tayyip Erdogan is "sacrificing Turkey's economic interests in order to support Hamas", and has "unilaterally violated" trade agreements between the two countries.

  • The Turkish export restrictions total 54 products that can now no longer be exported to Israel including aluminum wires, steel, cement, construction materials, granite, chemicals, pesticides, engine oils, jet fuel, and bricks.
  • Reuters: "According to the data published by the Turkish Exporters Assembly (TIM), while trade with Israel has fallen since Oct. 7, exports to Israel have increased each month in 2024 so far, and were worth $423.2 million in March.Total exports in the first quarter of the year amounted to $1.1 billion, down 21.6% year-on-year, TIM data showed."
  • In 2022, Turkey was Israel's third largest source of imports, accounting for 6.8% of the total behind China (13.9%) and the US (11.2%)