The Economy Ministry is promoting new regulations for Israel's economic relations with Turkey in light of Turkish President Recep Tayyip Erdogan's increasing antagonism against the Jewish State and support for the Hamas terrorist organization.

The decision follow's Erdogan's decision to impose a trade embargo against Israel, which violates the trade agreement between the countries. The move entails the activation of a control mechanism that includes a licensing requirement that will apply to all products imported from Turkey directly to Israel.

In 2023, imports from Turkey amounted to approximately $5.2 billion dollars. No unique items that are unavailable elsewhere are imported from Turkey, and the Economy and Foreign Ministries are working to find alternative markets to replace Turkey.

In early May, Turkey suspended all export and import operations with Israel due to what it described as its "aggression against Palestine in violation of international law and human rights.... Read More: Arutz-7