The shutdown, which Turkey’s Islamist-leaning president Recep Tayyip Erdogan announced on May 3, is putting pressure on prices in Israel and cutting off a major trade route for kosher food.
Director of Colombia’s Jewish community to TML: “Every Jewish community in the world that has no Israeli Embassy feels like an orphan.”
Three key trade routes from China - Northern, Southern, and Middle Corridors - reshape geopolitics. Israel leans towards the Middle Corridor for strategic trade security amidst escalating tensions.
The trade ties between the two neighboring countries have significantly worsened recently due to frequent border skirmishes.
After years of tension, Turkey launched a diplomatic charm offensive in 2020 to mend ties with Gulf countries, namely the United Arab Emirates (UAE) and Saudi Arabia.
Experts say that the move from Kabul to Iran’s Chabahar Port sends ripples of change across the economic currents of South Asia. Pakistan should streamline border procedures to reduce delays.
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Houthi attacks on cargo ships in the Red Sea have little effect on trade with Israel according to a Finance Ministry report.
The alternative shipping route around South Africa's Cape of Good Hope can add 10-14 days to a journey compared to passage via the Red Sea and Suez Canal.
Approximately three weeks prior, the Turkish government had removed Israel from its list of export destination countries effectively withdrawing support for businesses engaged in trade with Israel.