Israeli Premier’s Visit to Turkiye to ‘boost bilateral trade’

TEL AVIV, Israel– Turkish and Israeli businesspeople are hoping the visit to Turkiye by Israel’s president will give a boost to already thriving trade ties.

Isaac Herzog’s visit starting March 9 materialized at the invitation of Turkish President Recep Tayyip Erdogan.

Ahead of the visit, Turkish and Israeli trade missions gathered in Tel Aviv to sign a memorandum of understanding.

Turkish Exporters’ Assembly (TIM) head Ismail Gulle said: “With the synergy and positive atmosphere spurred by Herzog’s visit to Turkiye, we want both countries to provide the opportunity for mutual economic growth.”

Gulle stressed that after Turkiye improves its trade ties with Israel and the United Arab Emirates, business circles would welcome similar steps with Egypt and Saudi Arabia.

“We will further strengthen the energy and power of Turkiye’s exports with its neighbors,” Gulle noted.

A delegation from the assembly including 100 Turkish firms held more than 1,000 bilateral business meetings with over 400 Israeli companies, said Gulle.

He added that the mutual desire to do business seen during the meetings will take parties beyond the set targets, which is over $9 billion for this year.

Stressing the importance of the first visit to Turkiye of an Israeli president in many years, Gulle said: “The improvement of our political relations will further strengthen our trade ties. Regional trade will create a very positive infrastructure for fostering regional politics that are far from war.”

Uriel Lynn, head of the Federation of the Israeli Chambers of Commerce, said that Israel is open to Turkish imports.

There is a great potential to expand and enlarge the product range and services Turkish companies provide to Israel, he said.

Calling Herzog’s visit to Turkiye “a milestone,” Lynn added: “We’re building a platform for a much stronger basis where we can really cooperate together. And that is very important.”