Erdogan to pressure Israel with trade measures

Turkey has decided to take direct economic actions against Israel. While Turkey’s President Recep Tayyip Erdogan had previously targeted Israel in the diplomatic arena, the latest move involves the removal of Israel from Turkey’s list of export destinations, Hebrew media reported on Sunday.


The significant implication of this decision is that Turkey will discontinue subsidizing trade and withdraw support for businesses engaged in operations with Israel. Furthermore, it serves as a clear message to Turkish business owners that state assistance will not be provided if they choose to engage in trade with Israel.


Erdogan has come under notable pressure from the opposition for not curtailing trade with Israel.  Contrary to opposition claims, trade with Israel did not increase after hostilities began in 7 October.


Some ultra-Islamist groups are pushing the administration further, clamoring for a total trade ban, as well as boycotts against multinational with Jewish shareholders.


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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and and has contributed to the financial daily Referans and the liberal daily Radikal.