Turkish Trade Minister Refutes Claims of Eased Trade Ban with Israel
In a recent statement, Turkish Trade Minister Omer Bolat categorically denied Israeli assertions that Ankara is softening its trade ban with Israel. “The claims of Turkey easing the trade ban with Israel are said to be ‘absolutely fictional’ and have nothing to do with reality,” Bolat declared, addressing reports that had surfaced earlier in the week.
Contrary to the statements made by Israel’s foreign minister, Bolat confirmed that Ankara has introduced a three-month reprieve for companies with existing export deals to Israel, but emphasized that this should not be mistaken for a relaxation of the overall embargo. This temporary measure allows companies to fulfill their current contracts by routing their exports through third countries, according to a source within the Turkish trade ministry.
The decision to halt all forms of trade with Israel was taken last week by Turkey, citing the “worsening humanitarian tragedy” in the Palestinian territories. Bolat reiterated that the trade ban with Israel will remain until a permanent ceasefire in Gaza and humanitarian aid flow to the region are secured. The trade ministry’s document detailing the three-month grace period was obtained by Reuters, shedding light on the temporary concession.
While some might view this move as a softening stance, ministry sources clarify that
President Tayyip Erdogan had previously assured Turkish business leaders that any issues arising from the trade halt with Israel would be handled “in coordination and dialogue” with the business community. However, the Turkish presidency’s communications directorate has also spoken out, claiming that any suggestions of an easing trade ban are attempts
The economic ties between Turkey and Israel are significant, with a reported trade volume of $6.8 billion in 2023. The continuation of the trade embargo is likely to have considerable implications for businesses in both countries.
