Trade between Israel, Turkey doubles in five years

Despite political tensions between two countries, trade 'more than doubled in the past five years', amounting to $5.6 billion.

Trade between Israel, Turkey doubles in five years

World Bulletin / News Desk

Israelis buying a Japanese car in Tel Aviv might be surprised to learn that the car was actually built in Turkey. Tourists buying dried figs in Israel’s Machane Yehuda market probably also don’t know that the figs are also imported.

The burgeoning trade between Israel and Turkey, has more than doubled in the past five years, according to the Turkish Statistics Institute, and confirmed by Israeli officials, to $5.6 billion. About half of that is exports from Israel to Turkey, and the other half, Turkish goods, like the cars, coming to Israel. 

“The economies of Turkey and Israel complement each other and the trade ties are flourishing,” Israeli foreign ministry spokesman Emmanuel Nachshon told The Media Line. “That’s the good news. Unfortunately the political ties are not as good, and this is a consequence of the harsh attack by the Turkish leadership against Israel.” 

Ties between Israel and Turkey have foundered since Israeli naval commandos killed ten Turkish activists on a ship that was trying to break Israel’s blockade of the Gaza Strip. Three years later, President Obama brokered a telephone apology from Israeli Prime Minister Binyamin Netanyahu for the deaths of the ten Turkish citizens, but relations have not returned to normal. 

Israel and Turkey do not have currently have ambassadors in each other’s countries, but lower-level diplomatic representatives.  Referring to last summer’s fighting between Israel and the Hamas movement in the Gaza Strip,  Turkish President Recep Tayyip Erdogan said Netanyahu must “give an account for the children, women you massacred.” 

In response Israel’s Foreign Minister Avigdor Lieberman called Erdogan an “anti-Semitic, neighborhood bully.” 

“We’ve repeatedly seen that whenever there is an election campaign there is an increase in anti-Israel rhetoric,” a senior Israeli official told The Media Line on condition of anonymity. “It’s almost part of the electoral campaign, and the more anti-Israel you are, the more popular you are. That is something we can’t accept.”

Yet both Israel and Turkey seem happy to distinguish between their political and economic connections. 

“Both countries have built a wall between their political diplomatic relations, and their economic ties,” Alon Liel, a former director general of the Foreign Ministry told The Media Line. “Both economies are growing and their needs are growing. They decided that although they can fiercely quarrel on the diplomatic level, civilian trade has been almost unaffected.” 

Turkey is Israel’s 7th or 8th largest trading partner, he said. Israel exports chemicals like potash to Turkey, and imports manufactured goods and food.





Güncelleme Tarihi: 04 Kasım 2015, 10:03