- Turkey restricts 54 products from being exported to Israel, including construction iron, flat steel, marble, and ceramics.
- The restrictions will remain until a ceasefire in Gaza is agreed upon and more humanitarian aid is provided.
- Turkey hasn't sold military-purpose products to Israel for a while.
- Israel's Foreign Minister, Israel Katz, accuses Turkey of violating trade agreements and is seeking US sanctions.
- Economic impact of the restrictions could be severe, particularly in the clothing and electrical goods industries, household appliances sector, and construction sector.
- French Foreign Minister, Stephane Ségornet, suggests imposing sanctions on Israel and urging them to open more checkpoints for humanitarian aid.
Turkey has put restrictions on 54 products being exported to Israel, like construction iron, flat steel, marble, and ceramics. These restrictions will stay in place until Israel agrees to a ceasefire in Gaza and allows more humanitarian aid to reach the people there. Turkey hasn't been selling any products to Israel that could be used for military purposes for a while now. Last year, Turkey's exports to Israel were $5.43 billion, which is less than the $7.03 billion in 2022.
Israel's Response to the Sanctions
The Israeli Foreign Minister, Israel Katz, said that Turkey broke trade agreements by restricting exports to Israel. He's even talking to the United States to stop investing in Turkey and to stop importing products from there. Tel Aviv is also reaching out to friends in the US Congress to talk about breaking boycott laws and possibly putting sanctions on Turkey.
Economic Impact on Israel
Industries Affected: The clothing and electrical goods industries in Israel might be hit the hardest by these restrictions. The household appliances sector, which gets some products from Turkey, could also feel the impact. The construction sector in Israel is worried that prices for apartments might go up because of the restrictions on Turkish exports.
France Calls for Sanctions
French Foreign Minister's Statement: The French Foreign Minister, Stephane Ségornet, wants to put sanctions on Israel and pressure them to open more checkpoints for humanitarian aid to reach Palestinians in Gaza. France might even impose sanctions on Israel to make them open more checkpoints. But other European countries aren't really on board with the idea of putting sanctions on Tel Aviv.
