In response to the recent ceasefire in the Gaza Strip and ongoing diplomatic tensions between Turkey and Israel, the Turkish Ministry of Trade has imposed a ban on exports of goods from 54 different categories to Israel, effective immediately. This ban includes a variety of products such as metallurgical goods, construction equipment, raw materials, and machine tools.
The decision to impose this ban was made after Israel refused to allow Turkey to participate in operations dropping humanitarian aid into Gaza. Turkey has been a significant exporter of cement to Israel up until now, holding a large portion of the market share. However, in recent months, this share has declined due to Israeli importers turning to Greek suppliers instead.
This move signifies a shift in trade relations between Turkey and Israel and reflects the ongoing political disagreements between the two nations. The ban on exports is likely to have economic repercussions for both countries and may further strain their already tense diplomatic relationship.
