Israel to Impose 100% Tariff on Turkish Imports, End Free Trade Agreement
The decision follows Turkey's halt of exports to Israel, citing violence in Gaza, and will be in effect as long as Erdogan remains in power.
- 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.