Turkey Maintains Trade Ban on Israel Until Gaza Ceasefire Secured

Turkey reaffirms its trade ban on Israel, effective since May 2, 2024, until a permanent ceasefire in Gaza and humanitarian aid flow to the region are secured. The ban affects a significant $7 billion trade relationship between Turkey and Israel.

author-image
Trim Correspondents
New Update
Turkey Maintains Trade Ban on Israel Until Gaza Ceasefire Secured

Turkey Maintains Trade Ban on Israel Until Gaza Ceasefire Secured

Turkey has reaffirmed its trade ban on Israel, effective since May 2, 2024, stating that it will remain in place until a permanent ceasefire in Gaza and humanitarian aid flow to the region are secured. Turkish Trade Minister Omer Bolat dismissed recent claims by Israeli Foreign Minister Israel Katz that Ankara had eased many of the trade restrictions as "absolutely fictional and having nothing to do with reality." trade restrictions

Why this matters: The trade ban has significant implications for the $7 billion trade relationship between Turkey and Israel, and could also influence the international community's stance on the Israeli-Palestinian conflict. This move may also encourage other countries to take similar actions, potentially leading to increased pressure on Israel to resolve the conflict and improve the humanitarian situation in Gaza.

The trade ban, which affects a significant $7 billion trade relationship between Turkey and Israel, was imposed in response to the "worsening humanitarian tragedy" in the Palestinian Territories. It followed a suite of targeted trade restrictions issued by Turkey on April 9, aimed at pressuring Israel to comply with international demands.

While the ban remains firmly in place, the Turkish Trade Ministry has introduced a temporary three-month reprieve for companies with existing export deals to Israel. This measure allows these firms to continue their operations and fulfill their contractual obligations via third countries during this grace period.

The contradictory claims between Turkish and Israeli officials underscore the ongoing tensions in the region. Theconflict, offensive, latest, newsbetween Israel and Hamas has intensified, leading to a rising death toll in Gaza and widespread international condemnation of Israel's actions. Several countries, including Ireland and Spain, have announced plans to recognize Palestine as a state by the end of the month.

The United States, traditionally Israel's closest ally, has also taken the unprecedented step of threatening to withhold certain arms shipments for the first time since thewarbegan. President Biden has become increasingly vocal about his expectations that Israel limit civilian casualties and increase access to humanitarian aid in Gaza, where over 34,000 Palestinians have been killed and the population is on the verge of famine.

Turkish-Israeli relations have been strained since the 2010 Mavi Marmara incident, but their economic ties had largely remained intact despite political tensions. The current trade ban and growing international backlash against Israel mark a significant shift in dynamics. As Minister Bolat stated, "Turkiye's trade ban with Israel will remain in place until a permanent ceasefire in Gaza and humanitarian aid flow to the region are secured." view, far, right, territory