The latest escalation in tensions between Israel and Turkey has resulted in a complete halt to exports and imports between the two countries. This development follows Istanbul’s decision to restrict exports to Israel due to the war in Gaza. The move has been met with a sharp rebuke from Israeli officials, who have accused the Turkish government of acting like a dictator and ignoring international trade agreements.
The halting of trade is a significant blow to the two countries, which had a trade volume of $6.8 billion in 2023. The suspension of exports and imports is likely to have a negative impact on businesses on both sides of the border.
The diplomatic tension between Israel and Turkey has been simmering for years, with the two countries disagreeing on a range of issues, including the Israeli-Palestinian conflict and Turkey’s support for the Muslim Brotherhood. The latest escalation in tensions is likely to further strain relations between the two countries and make it more difficult to resolve their differences.
