Turkish Sanctions Against Israel Will Have HUGE Impact On Bilateral Trade

READ HERE: Turkey’s decision to halt the export of 54 products to Israel in response to its war on Gaza isn’t likely to have far-reaching results, since both countries’ economies are complementary in nature rather than central to each other.

The Turkish trade ministry announced earlier this week that Ankara would continue to implement the restrictions as long as Israel denies uninterrupted flow of humanitarian aid to Gaza Strip, citing UN Security Council decisions and an International Court of Justice (ICJ) preliminary judgment against Israel’s conduct in the coastal enclave. The export restrictions encompass items such as aluminium wire, steel, cement, construction materials, granite, chemicals, pesticides, engine oils, jet fuel and bricks.