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Business 'in sync' on Israel

ISTANBUL - Hürriyet Daily News | 9/4/2011 12:00:00 AM |

The Turkish government’s tough stance against Israel has echoed through the world of commerce, with one businessman claiming 'economic sanctions' could be in the pipeline.

The Turkish government’s tough stance against Israel has echoed through the world of commerce, with one businessman claiming “economic sanctions” could be in the pipeline.

In a written statement on Sunday, Selçuk Öztürk, head of the Konya Chamber of Commerce, said his organization supported the government’s position.

“The [May 31, 2010 Israeli military] operation against the Mavi Marmara vessel, which aimed to provide humanitarian aid to Gaza, once again displayed the true face of Israel,” Anatolia news agency quoted Öztürk as saying. “Turkey’s efforts for Israel to apologize have yielded no results. Thus, we support the decisions taken against Israel, which were announced by Foreign Minister Ahmet Davutoğlu.”

The decisions will have repercussions in the sphere of economy, the businessman said. “As businesspeople, we may decide on economic sanctions against Israel.”

Trade ties between Turkey and Israel were on an upward trajectory despite diplomatic tension. In the first seven months of the year, bilateral trade volume has surpassed $2.5 billion. In 2010, the figure stood at over $3.4 billion, with Turkey having a rare trade surplus of $724 million.

Turkey’s top export items to Israel include automobiles, steel, electrical appliances, non-metal minerals and textile. Its top import items are raw materials and health care products.

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