Overview

• Israel plans to impose a 100% tariff on Turkish imports and abolish the free trade agreement with Turkey.
• The move comes in response to Turkey's decision to halt exports to Israel over ongoing violence in Gaza.
• Israeli Finance Minister Bezalel Smotrich stated that the measures will remain until Turkish President Erdogan leaves office.
• Turkey's trade ministry announced that companies have three months to fulfill existing orders through third countries.
• Israel has filed a complaint with the OECD against Turkey's suspension of trade.