Skip to content
August 5, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Turkey halts all trade with Israel; Jerusalem tags Erdogan ‘dictator’
  • Business & Economy

Turkey halts all trade with Israel; Jerusalem tags Erdogan ‘dictator’

Admin May 3, 2024

Turkey's President Recep Tayyip Erdogan, right, and Hamas leader Ismail Haniyeh, shake hands during their meeting in Istanbul, Turkey, April 20, 2024. (Turkish Presidency via AP)

Turkey’s President Recep Tayyip Erdogan, right, and Hamas leader Ismail Haniyeh, shake hands during their meeting in Istanbul, Turkey, April 20, 2024. (Turkish Presidency via AP)

 

Turkey announced Thursday that it stopped all exports and imports to and from Israel, in a highly impactful move against Jerusalem over the war against Hamas.

Citing Israel’s military offensive in Gaza, a Turkish Trade Ministry statement said “export and import transactions in relation to Israel have been stopped, covering all products.”

Turkish officials would coordinate with Palestinian authorities to ensure that Palestinians are not affected by the suspension of imports and exports, the ministry said.

The ministry described the step as the “second phase” of measures against Israel, adding that the steps would remain in force until Israel “allows an uninterrupted and sufficient flow of humanitarian aid to Gaza.”

Earlier, sources familiar with the matter told the Globes financial daily that Turkish ports were already preventing the export of goods to Haifa and Ashdod ports, while Israeli goods arriving in Turkey were not being unloaded.

The two countries had a trade volume of $6.8 billion in 2023.

After initial reports on Turkey’s decision to halt trade, Foreign Minister Israel Katz accused Turkish President Recep Tayyip Erdogan of “breaking agreements by blocking ports for Israeli imports and exports.”

“This is how a dictator behaves, disregarding the interests of the Turkish people and businessmen, and ignoring international trade agreements,” Katz wrote on X.

He said he instructed Foreign Ministry Director General Yaakov Blitshtein to “immediately engage with all relevant parties in the government to create alternatives for trade with Turkey, focusing on local production and imports from other countries.”

“Israel will emerge with a strong and daring economy,” Katz pledged. “We Win, and They Lose.”

Turkey has been one of the harshest critics of Israel during the war against Hamas, with Erdogan branding Israel a “terrorist state.”

Erdogan’s salvos against Israel include allegations it is committing “genocide” against Palestinians in Gaza. He has defended Hamas — considered a terrorist organization by Israel, the United States and the European Union — as “a liberation group.”

Citing a diplomatic source, the Al-Monitor news site said the Foreign Minister was investigating the economic consequences of Turkey’s measure.

Israel and Turkey have free trade agreements from the mid-1990s that are now being violated.

Last month, Turkey announced export trade restrictions to Israel on 54 products including cement, steel, aluminum, iron construction materials and equipment, in response to the war in the Gaza Strip.

Turkey’s exports to Israel stood at $5.43 billion last year, down from $7.03 billion in 2022, according to the Turkish Exporters’ Union and statistics agency Turkstat.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Hamas Israel Recep Tayyip Erdogan Trade Turkey Turkish Exporters’ Union Yaakov Blitshtein

Post navigation

Previous Police arrest kidnappers, killers of Greenfield University students, others
Next Lagos economy remains resilient amidst currency fluctuations, contributes 20% to Nigeria’s GDP – LASG

Related Stories

Nigeria’s domestic economy expanded by 3.87% in 2025 – CBN
  • Business & Economy

Nigeria’s domestic economy expanded by 3.87% in 2025 – CBN

August 5, 2026
ECONOMIC SUMMIT: Delta can no longer depend solely on oil – Oborevwori
  • Business & Economy

ECONOMIC SUMMIT: Delta can no longer depend solely on oil – Oborevwori

August 4, 2026
Oil prices settle 5% lower after claims of progress in US-Iran talks reserves crude oil
  • Business & Economy
  • International News

Oil prices settle 5% lower after claims of progress in US-Iran talks

August 4, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

NSCDC sanctions 79 officers, arrests 18 suspects nscdc
  • National News

NSCDC sanctions 79 officers, arrests 18 suspects

August 5, 2026
Nigeria’s domestic economy expanded by 3.87% in 2025 – CBN
  • Business & Economy

Nigeria’s domestic economy expanded by 3.87% in 2025 – CBN

August 5, 2026
NIS Busts Transnational Crime Syndicate in Lagos, 12 Arrested, Victims Rescued
  • National News

NIS Busts Transnational Crime Syndicate in Lagos, 12 Arrested, Victims Rescued

August 5, 2026
Troops rescue 16 kidnap victims, nab terror collaborators Soldiers beat policemen
  • National News

Troops rescue 16 kidnap victims, nab terror collaborators

August 5, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.