Türkiye Says Exports to Palestinians Surge after Halting Trade with Israel over Gaza War

A Turkish flag with the Bosphorus Bridge in the background, flies on a passenger ferry in Istanbul, Türkiye September 30, 2020. (Reuters)
A Turkish flag with the Bosphorus Bridge in the background, flies on a passenger ferry in Istanbul, Türkiye September 30, 2020. (Reuters)
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Türkiye Says Exports to Palestinians Surge after Halting Trade with Israel over Gaza War

A Turkish flag with the Bosphorus Bridge in the background, flies on a passenger ferry in Istanbul, Türkiye September 30, 2020. (Reuters)
A Turkish flag with the Bosphorus Bridge in the background, flies on a passenger ferry in Istanbul, Türkiye September 30, 2020. (Reuters)

Türkiye's exports to Palestinian territories leapt sixfold in the first nine months of the year to $571.2 million, data showed on Tuesday, five months after the country halted trade with Israel in protest over its war in Gaza.

The 526% rise in exports occurred largely after the ban went into effect. In the first four months of the year, Turkish exports to Palestinian territories were up 35% to $49.4 million, according to data from the Turkish Exporters Assembly (TIM).

Turkish opposition lawmaker ​​Mustafa Yeneroglu on Monday submitted questions to parliament about the sharp increase in exports to Palestinian areas and ongoing ship traffic from Türkiye to Israel, despite the trade ban.

Yeneroglu asked Trade Minister Omer Bolat to respond to local media reports that trade with Israel was quietly continuing through Palestinian companies, with shipping documents describing goods as going to Palestinian territories when they were actually going to Israel.

Asked for comment by Reuters, the Trade Ministry pointed to previous statements on the issue. On Sept. 18, it denied trade with Israel was continuing, reiterating that it ended on May 2.

It said Palestinian authorities had declared several times that Turkish goods were used exclusively in Palestinian areas.

These territories encompass the Gaza Strip, the Israeli-occupied West Bank, and Arab East Jerusalem.

The trade ministry imposed export restrictions on 54 categories of products to Israel in April before completely halting exports and imports in early May.

At the time, Türkiye said it would not resume trade with Israel, worth $7 billion a year, until a permanent ceasefire and humanitarian aid were secured in Gaza, becoming the first of Israel's key commercial partners to take such a step.

Israel launched a devastating war against Hamas in Gaza a year ago after the Palestinian Islamist group's deadly cross-border attack.



Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
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Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA

Saudi Arabia and Djibouti have signed an agreement to encourage and protect mutual investments, marking a significant step in enhancing economic cooperation between the two nations.
The agreement was signed by Saudi Minister of Investment Khalid Al-Falih and Djiboutian Secretary in Charge of Investment and Development of the Private Sector Safia Mohamed Ali Gadileh during the 28th World Investment Conference in Riyadh, SPA reported.

The event is being held under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister.
Both officials praised the agreement, emphasizing its importance in fostering collaboration between the private and government sectors of both countries. They highlighted the agreement’s role in supporting the ambitious investment initiatives currently being pursued by the Kingdom and Djibouti.
The agreement is designed to create a secure and attractive investment environment by offering key advantages such as investment protection, national treatment, fair and equitable treatment, transparency, and access to national courts or international arbitration for dispute resolution.
By ensuring these safeguards, the agreement aims to increase the volume of mutual investments across various sectors and strengthen economic ties between the two nations.