Turkey could restart trade with Israel "if peace is permanent", Nail Olpak, head of the Turkish Foreign Economic Relations Board (DEIK), said on Tuesday.
Turkey severed trade with Israel last year over its war in Gaza © Mena Today
Turkey could restart trade with Israel "if peace is permanent", Nail Olpak, head of the Turkish Foreign Economic Relations Board (DEIK), said on Tuesday.
Turkey severed trade with Israel last year over its war in Gaza with the Palestinian militant group Hamas. This week Israel and Hamas began carrying out a complex ceasefire deal.
Answering reporters' questions in Istanbul, Olpak also said DEIK has heard reports of payment issues for goods exported to Russia via Kazakhstan and Kyrgyzstan, without elaborating.
Western countries imposed record sanctions on Russia after it invaded Ukraine in 2022. Turkish exporters to Russia have since experienced some issues receiving payments.
Olpak also said the board conveyed a request to Finance Minister Mehmet Simsek to reduce or remove the obligation for exporters to sell 30% of foreign currency revenues to the central bank.
In June last year, the central bank lowered the ratio of foreign exchange revenues that exporters are required to sell to it to 30% from 40%, as its reserves continued to rise.
Reporting by Ebru Tuncay
Israel's military has cleared Hezbollah fighters holed up in tunnels under the strategic Ali al-Taher ridge in southern Lebanon, Israeli Defense Minister Israel Katz said on Friday, though the Iran-backed group did not immediately comment.
The Ali al-Taher ridge in southern Lebanon, which is named after a Shi'ite Muslim scholar whose shrine sits at its summit, has become one of the most contested pieces of ground in the Israel-Hezbollah war.
The office of Israeli Prime Minister Benjamin Netanyahu announced the release of five Lebanese nationals held by Israel, after being abducted from southern Lebanon during the successive wars since 2023.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.