Recently, the Turkish Ministry of Trade imposed a ban on exports to Israel of goods from 54 categories until a ceasefire is declared in the Gaza Strip. This ban includes items such as metallurgical items, construction equipment, raw materials and machine tools. The ban took effect immediately following the announcement. Prior to this decision, Turkey was a major exporter of cement to Israel, holding a significant market share that has now decreased due to a shift to Greek suppliers.
The measures were taken in response to Israel’s refusal to allow Turkey to participate in operations to deliver humanitarian aid to Gaza. Ankara had warned of such actions the day before the ban was implemented. As a result, Turkish exports to Israel are now restricted across various industries.
It is important to note that the ban adds strain to the trade relationship between Turkey and Israel, especially in light of recent events in the Gaza Strip. Turkey’s decision to cut off exports to Israel is a significant development that could have lasting implications for their economic ties.
