Israel-Turkey

Israel's payback: 100% customs taxes on products from Turkey

Finance Minister Bezalel Smotrich is pushing for tariffs on imports from Turkey in response to Erdogan's dramatic measures against Israel.

Smotrich and Erdogan (Photo: Yonatan Sindel/Flash90, Shutterstock)

Following Turkish President Recep Tayyip Erdogan's decision to ban Turkish exports to Israel, Finance Minister Bezalel Smotrich announced a 100% hike in customs duties on Turkish imports. The decision will be submitted to the government for approval.

According to Smotrich's decision, all the reduced customs rates applicable to goods imported from Turkey according to a free trade agreement between the two states will be abolished. In addition, a duty will be imposed on any product imported from Turkey to Israel at a rate of 100% of the value of the goods in addition to the existing duty rate.

According to the wording of the resolution that will be submitted for the government's approval, the move will remain in effect until the end of Erdogan's term in office.

Smotrich: For too many years, Israel has sided with Erdogan - not on my watch

In addition, it is proposed to instruct the Minister of Economy, the Minister of Foreign Affairs and the Minister of Finance to take the necessary steps to strengthen Israeli industry and help diversify Israel's import sources with regard to products currently imported from Turkey in order to create alternatives and reduce the dependence of Israel's economy on Turkish products.

According to a survey by the Israel Manufacturers' Association, as well as an in-depth analysis, China, Eastern Europe, Greece, Germany, Cyprus, Taiwan and others can become relevant alternatives for Israeli manufacturers.

Finance Minister Bezalel Smotrich said: "Raising the customs duty on imports from Turkey is an appropriate Zionist answer to Erdogan. For too many years the State of Israel has struggled to combat Erdogan's antisemitism. Not on my watch. We have national honor, national pride, and a strong economy that does not need favors and certainly not the support of anyone who fights against it. If at the end of Erdogan's term the citizens of Turkey elect a leader who is sane and does not hate Israel, it will be possible to return the trade route with Turkey to the way it was before."

0 Comments

Do not send comments that include inflammatory words, defamation, and content that exceeds the limit of good taste.

Humanitarian Aid

Smotrich reveals: Goods entered Gaza contrary to the cabinet's decision

Finance Minister Bezalel Smotrich is demanding a clarification from the Prime Minister and the war cabinet about the resumption of trade between PA-controlled territories and Gaza contrary to the cabinet's decision.

JFeed Staff | 16.05.24

US-Israel Relations

Report: Delayed weapons shipment has landed in Israel

After the extensive crisis between Israel and the US, it was reported that the arms shipment that was delayed by US President Biden has now landed in Israel.

JFeed Staff | 16.05.24

US-Israel Relations

Netanyahu: Israel isn't America's "vassal state"

According to an Axios report, the Prime Minister issued the remarks during a cabinet meeting, telling representatives that Israel would do "whatever it takes" to insure its security.

Eitan Divinsky, JFeed Staff | 15.05.24

Fight for Gaza

Watch: Dozens of Jewish teens barricade themselves in Erez crossing, demanding Israel re-occupy Gaza

Some of the protesters even managed to cross into Gaza. Two were taken into custody.

JFeed Staff | 15.05.24

Israel-Gaza War

2 UN workers wounded in Gaza

Israel is investigating the incident.

JFeed Staff | 14.05.24

Israel-Gaza War

Israel offered the PA control of the Rafah crossing

Mahmoud Abbas received an offer from Israel and the United States to take control of the Rafah crossing on the Gaza side, but insisted that Israel first agree to a ceasefire and the Arab peace plan.

JFeed Staff | 13.05.24

Israel-Gaza War, US-Israel Relations

Biden's new threat: No more offensive weapons

The US continues to restrict Israel's moves in Gaza, and a close associate of the Biden administration is now threatening that if the operation in Rafah expands, the US will stop shipments of offensive weapons to Israel

Yair Amar, JFeed Staff | 13.05.24

Memorial Day

Smotrich: I take responsibility for Hamas massacre

Finance Minister Bezalel Smotrich commemorated Memorial Day at the Ofakim cemetery and told onlookers that he takes responsibility for the events of October 7th.

Guy Ezra, JFeed Staff | 13.05.24

Humanitarian Aid

On Memorial Day: Protesters block aid to Gaza

The Coordinator of Government Operations and the security establishment tried to establish a new route for the flow of aid to Gaza, but protesters blocked the aid trucks before they reached Strip.

Yair Amar, JFeed Staff | 13.05.24

Yossi Cohen

"We'll reach you anywhere you go": Former Mossad chief's firm message to Nasrallah

Former Mossad chief, Yossi Cohen, spoke at the Remembrance Day ceremony that took place at the Museum of Tolerance in Jerusalem. In his speech, Cohen conveyed a message to Nasrallah: "We will reach you anywhere."

JFeed Staff | 13.05.24

Northern Front

Report: Hezbollah to change its strategy against Israel

Hezbollah will reportedly launch more UAVs from hiding places close to the border area and try to infiltrate Israel with the goal of acquiring data on key targets.

JFeed Staff | 12.05.24

Ashkelon

3 injured after house absorbs direct hit in rocket salvo toward southern Israel

Two missiles were intercepted and one recorded a direct hit, injuring 3 people in an overnight barrage of Ashkelon.

JFeed Staff | 12.05.24