The political normalization process between Turkiye and Israel reflects positively on the economy. Israeli Minister of Economy and Industry is in Ankara. It is aimed to increase the trade volume of the two countries to $9 billion.
A new era has been entered in Turkish-Israeli relations.
The mutual appointment of ambassadors by the two countries in September marked a turning point in political normalization.
The new era also reflects positively on commercial and economic relations.
Israeli minister is in Ankara
Orna Barbivai, Minister of Economy and Industry of Israel, is in Ankara…
The Israeli minister’s contacts will last 2 days. Barbivai with Minister of Trade Mehmet Muş
He will meet with Industry and Technology Minister Mustafa Varank.
Turkiye’s export volume to Israel reached $6.4 billion in 2021 with an increase of 35%. Steel came to the fore on a sectoral basis.
On a monthly basis, a new record was set. It reached an all-time high on a monthly basis with $711 million 200 thousand in April. Thus, exports have increased 2.5 times in the last 8 years.
$9 billion trade target
Israel is the 9th country to which Turkiye exports the most.
The two countries aim to reach a trade volume of $9 billion by the end of this year.
Source: Translated by Irem Yildiz