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(MENAFN-IANS) Jerusalem, May 4 (IANS) Israel’s Foreign Ministry says following Turkey’s decision to suspend all trade activities with Israel due to “constant violence” against Palestinians in the Gaza Strip. , announced several measures to be taken against Turkey. strip.
The ministry said in a statement on Friday that discussions among senior officials from the Ministry of Foreign Affairs, the Ministry of Economy and the Israeli Tax Authority decided to work towards reducing economic ties between Turkey and the West Bank and Gaza. reported Xinhua News Agency.
Additionally, consider sanctions on Turkey for violations of trade agreements at the International Economic Forum, draw up a list of alternatives for the Israeli economy across various sectors and products, and take actions to support affected Israeli export sectors. has been decided.
The report noted that Turkey is the Palestinian Authority’s largest importer.
According to Israel’s Central Bureau of Statistics, in 2023, Israel’s merchandise exports to Turkey amounted to $1.57 billion, and Israel’s imports from Turkey amounted to $4.61 billion.
Meanwhile, Israel has filed a complaint with the Organization for Economic Co-operation and Development (OECD) over Turkey’s decision to suspend trade, according to a statement from Israeli Economy Minister Nir Barkat.
Türkiye and Israel are both OECD member countries.
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