Türkiye stopped all trade with Israel

International Desk: Türkiye has stopped all trade with Israel over the Gaza issue. The British media BBC reported on Thursday (May 2) about the Ministry of Commerce of Turkey.

The trade embargo will remain in effect until Israel allows uninterrupted and adequate humanitarian aid to Gaza, the Turkish trade ministry said. According to the BBC, the trade between Israel and Turkey is about 7 billion US dollars in 2023.

Meanwhile, Israel's foreign minister accused Turkish President Recep Tayyip Erdogan of behaving like a dictator in announcing the trade freeze. Israeli Foreign Minister Israel Katz wrote on social media that Erdogan is violating international trade agreements by ignoring the interests of the Turkish people and businessmen.

Israel's foreign minister said that Turkey has instructed government institutions to import goods from other countries and produce goods locally as an alternative to Turkey's trade freeze. He wrote, I have directed the IMF Director General to immediately start working with the concerned parties to find trade options with Turkey.

Also asked him for local production and import of products from other countries. Israel will emerge as a powerful and formidable economy. They lose we win. In 1949, Türkiye was the first Muslim-majority country to recognize Israel. But relations between the two countries have deteriorated in recent times.