Turkey’s Trade Minister, Ömer Bolat, took to social media to address the ongoing controversy surrounding trade relations with Israel. In his statement, Minister Bolat emphasized that all export and import transactions with Israel have been completely halted since May 2, 2024, until a permanent ceasefire is established and uninterrupted humanitarian aid is allowed into the Gaza Strip. This decision applies to all products and there are no customs declarations registered for trade between the two countries.
The Minister made it clear that there have been no shipments from Turkey to Israel or vice versa since the implementation of the trade suspension. He reiterated that Turkey’s customs system is fully closed in regards to trade with Israel. However, he highlighted that a mutually agreed upon arrangement has been made with the Palestinian National Economy Ministry to facilitate the supply of essential goods to approximately 6 million Palestinians residing in the West Bank, East Jerusalem, and Gaza.
Trade with Palestine
In line with the decision taken on May 2, 2024, Turkey has established a structured mechanism for trade with Palestine. This mechanism ensures that goods intended for Palestinian territories are properly verified and channeled through official channels. The Ministry of Economy in Palestine plays a crucial role in confirming the authenticity of import requests from Palestinian buyers before trade can proceed.
The statistics reveal that Palestine relies significantly on imports from Turkey, with approximately 25% of its annual import volume coming from Turkish sources. In 2022, the total annual imports to Palestine amounted to around $7.7 billion, underscoring the importance of the trade relationship between the two nations. This collaboration has been reinforced through the establishment of a robust bilateral trade mechanism that prioritizes the needs of the Palestinian people.
Ensuring Accountability and Transparency
To ensure accountability and transparency in trade transactions, a stringent verification process has been put in place for all shipments destined for Palestine. Prior to exporting goods to Palestine, Turkish exporters must seek approval from the Palestinian National Economy Ministry. Upon receiving confirmation from the Ministry, the necessary documentation is forwarded to Turkish authorities for validation.
Similarly, when importing goods from Palestine, Turkish importers must adhere to the guidelines set by the Palestinian National Economy Ministry. Only after the Ministry approves the export application and verifies the destination as Palestine can the import process proceed. This meticulous verification process aims to prevent any illicit trade activities and safeguard the interests of both parties involved.
Supporting Palestine’s Economic Development
Turkey’s commitment to supporting the economic development of Palestine remains unwavering. By facilitating the import and export of goods to Palestinian territories, Turkey is actively contributing to the growth and stability of the Palestinian economy. The close collaboration between the two nations not only strengthens their bilateral ties but also underscores Turkey’s solidarity with the Palestinian people in their quest for self-determination.
In conclusion, Minister Bolat’s statement reaffirms Turkey’s stance on trade relations with Israel and highlights the country’s dedicated efforts to support the Palestinian economy. The stringent verification process implemented for trade with Palestine underscores Turkey’s commitment to upholding transparency and accountability in all commercial transactions. As Turkey continues to stand in solidarity with the Palestinian people, the bilateral trade mechanism between Turkey and Palestine serves as a testament to the enduring partnership between the two nations.
