EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Israel trade freeze aimed at forcing Gaza truce: Erdogan

Andrew Murphy by Andrew Murphy
May 6, 2024
in Economy
Reading Time: 6 mins read
A A
3
77
SHARES
964
VIEWS
Share on FacebookShare on Twitter

The trade freeze is the latest indication of deteriorating relations between the two countries. ©AFP

Istanbul (AFP) – President Recep Tayyip Erdogan on Friday said Turkey’s move to halt trade with Israel was designed to force the country to a ceasefire in Gaza.

Related

Spain says ‘overvoltage’ caused huge April blackout

Trump says EU not offering ‘fair deal’ on trade

UK automakers cheer US trade deal, as steel tariffs left in limbo

Global oil demand to dip in 2030, first drop since Covid: IEA

US retail sales slip more than expected after rush to beat tariffs

The decision, announced on Thursday, is the latest indication of deteriorating relations between the two countries.

“We have taken some measures to force Israel to agree to a ceasefire and increase the amount of humanitarian aid to enter” Gaza, Erdogan told a group of businessmen in Istanbul.

“We will oversee the consequences of this step we have taken in coordination and consultation with our business world.”

Already in April Turkey, one of the few Muslim-majority nations to recognise Israel, announced it was restricting exports to Israel, covering 54 products from iron and steel to jet fuel.

“We do not run after hostility or conflict in our region,” Erdogan said Friday.

“We do not want to see conflict, blood or tears in our geography.

“We know now that we did the right thing.”

The Gaza Strip is suffering a humanitarian crisis caused by Israel’s war against Hamas that has been raging since October 7, with the United Nations and aid agencies warning of impending famine.

The war started with Hamas’s unprecedented October 7 attack on Israel that resulted in the deaths of 1,170 people, mostly civilians, according to an AFP tally of Israeli official figures.

Israel estimates that 129 captives seized by militants during their attack remain in Gaza.

The military says 34 of them are dead.

Israel’s retaliatory offensive against Hamas has killed more than 34,600 people in Gaza, mostly women and children, according to the Hamas-run territory’s health ministry.

– ‘We closed that door’-

An outspoken advocate of the Palestinian cause, Erdogan has become one of the most strident critics in the Muslim world of Israel’s offensive in Gaza.

He has accused the government of “state terrorism”, branding Prime Minister Benjamin Netanyahu the “butcher of Gaza”.

But Turkey’s trade action against Israel came after criticism inside the country against Erdogan’s government for having failed to act sooner.

His party suffered a historic defeat in the March 31 local elections, losing control of many cities, especially to the Islam-based Yeniden Refah (New Welfare) Party, which had called for harsher steps against Israel.

Turkish-Israeli trade volume amounted to $9.5 billion, Erdogan told journalists after Friday prayers in Istanbul.

“We closed that door.”

Israeli Foreign Minister Israel Katz on Thursday accused Erdogan of breaking agreements between the two countries after Ankara announced the trade freeze.

But Erdogan said: “We have one goal here, and that’s to force the Netanyahu government, which went out of control with the unconditional military and diplomatic support of the West, to a ceasefire.”

“If a ceasefire is declared and an adequate amount of humanitarian aid is allowed to enter Gaza, the goal will be achieved.”

© 2024 AFP

Tags: GazaIsraelTurkey
Share31Tweet19Share5Pin7Send
Previous Post

Record gold prices take shine off London jewellers

Next Post

Airbnb promises to combat sex work in rentals during Paris Games

Andrew Murphy

Andrew Murphy

Related Posts

Economy

Why stablecoins are gaining popularity

June 17, 2025
Economy

Bank of Japan holds rates, will slow bond purchase taper

June 17, 2025
Economy

Ecuador pipeline burst stops flow of crude

June 16, 2025
Economy

Yen slides ahead of Bank of Japan policy decision

June 16, 2025
Economy

War, trade and Air India crash cast cloud over Paris Air Show

June 16, 2025
Economy

China factory output slows but consumption offers bright spot

June 16, 2025
Next Post

Airbnb promises to combat sex work in rentals during Paris Games

Stocks gain while dollar retreats as US labor market cools

France probes TotalEnergies over 2021 Mozambique attack

Hollywood star Ferrell invests in Championship club Leeds: reports

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.