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 goes to the polls on October 27 in what may be its most consequential election in years - the first since October 7, the wars with Hamas and Hezbollah, and the seven-month conflict with Iran.
Pop star Ed Sheeran said the decision to drop pro-Palestinian rapper Macklemore from his U.S. concert tour was made by organisers, not him, after he failed to defuse the latest show-business furore over the Gaza conflict.
The Israeli site Globes reported Wednesday that the Moroccan army is considering integrating LORA missiles into the HIMARS artillery systems it is buying from the US.
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.