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Home Economy

Israel to reopen its economic office in Turkey as ties improve

Despite tumultuous diplomatic ties, Turkey remains one of Israel's most important commerce partners. Bilateral trade was up 30% in 2021, reaching $7.7 billion.

by  Reuters and ILH Staff
Published on  07-06-2022 08:21
Last modified: 07-06-2022 08:21
Israel to reopen its economic office in Turkey as ties improveSraya Diamant

Economy Minister Orna Barbivay | File photo: Sraya Diamant

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Israel said on Tuesday it will reopen its economic and trade office in Turkey, as the countries work to restore diplomatic ties that have been strained for more than a decade.

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Both governments expelled ambassadors in 2018 and have often traded barbs over the Israeli-Palestinian conflict, though they are now looking to restore representation to the ambassador level. Israel cut back its economic representation as well in 2019.

Despite the years of acrimony, the countries have maintained trade and Turkey remains one of Israel's most important partners. Bilateral trade was up 30% in 2021, reaching $7.7 billion.

"The reopening of the economic attache reflects Israel's commitment to deepening economic ties with Turkey," said Economy Minister Orna Barbivay. "We intend to soon promote a joint economic conference between the countries, after more than a decade."

The move will help more than 1,500 Israeli companies that are currently exporting to Turkey, the ministry said.

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