JERUSALEM: Israeli Finance Minister Bezalel Smotrich on Thursday said Israel would abolish its free trade agreement with Turkiye and also impose a 100 percent tariff on other imports from Turkiye in retaliation for Turkish President Tayyip Erdogan’s decision to halt exports to Israel.
The plan, he said, would be submitted to the cabinet for approval.
Earlier this month, Turkiye said it was stopping exports to Israel during the duration of the Israel-Hamas war, citing “worsening humanitarian tragedy” in the Palestinian territories. But the Turkish Trade Ministry has said that companies have three months to fulfil existing orders via third countries.
“His (Erdogan’s) announcement of the stoppage of imports to Israel constitutes a declaration of an economic boycott and a serious violation of international trade agreements to which Turkiye has committed,” Smotrich said in a statement.
He noted that Israel’s actions would only last as long as Erdogan remained in power.
“If at the end of Erdogan’s term the citizens of Turkiye elect a leader who is sane and not a hater of Israel, it would be possible to return the trade route with Turkiye,” Smotrich said.
Under Smotrich’s plan, all the reduced customs rates applicable to goods imported from Turkiye to Israel according to an agreement to the free trade deal would be abolished. At the same time, a duty would be imposed on any product imported from Turkiye to Israel at a rate of 100 percent of the value of the goods in addition to the existing duty rate.
The finance, economy and foreign ministries, the statement said, would also take steps to strengthen Israel’s manufacturing while diversifying sources of import to reduce the dependency on Turkiye.
Israel’s Manufacturers’ Association called Smotrich’s plan “an appropriate response” for not allowing Erdogan to damage the economy without a response.
Israel to abolish free trade deal with Turkiye in retaliation
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Israel to abolish free trade deal with Turkiye in retaliation
- Earlier this month, Turkiye said it was stopping exports to Israel during the duration of the Israel-Hamas war
Israel army ‘temporarily suspends’ strike on south Lebanon
- The Israeli military issued a warning earlier on Saturday announcing an imminent strike and warning people in the Yanuh area of south Lebanon to evacuate immediately
JERUSALEM: The Israeli military said it would “temporarily” suspend a strike planned for Saturday that was intended to target what it described as Hezbollah military infrastructure in southern Lebanon.
A November 2024 ceasefire sought to end over a year of fighting between Israel and the Hezbollah militant group, which broke out after the start of the Gaza war in October 2023.
But Israel has repeatedly bombed Lebanon despite the truce, usually saying it is targeting Hezbollah members and infrastructure to stop the group from rearming.
The Israeli military issued a warning earlier on Saturday announcing an imminent strike and warning people in the Yanuh area of south Lebanon to evacuate immediately.
But later Arabic-language spokesman Avichay Adraee said “the strike was temporarily suspended,” adding that the military “continues to monitor the target.”
The suspension came after the Lebanese army “requested access again to the specified site... and to address the breach of the agreement,” he said on X.
Adraee added that the military would “not allow” Hezbollah to “redeploy or rearm.”
The year-old ceasefire monitoring mechanism includes the United Nations, the United States and France.
A Lebanese security source said the army had previously tried to search the building that the Israeli military wanted to target but could not because of objections from residents.
But the source told AFP that the Lebanese army was able to enter and search the building after returning a second time, because residents “felt threatened,” adding that they were evacuated over fears of a strike.
