The Limited Times

Now you can see non-English news...

For the first time in 13 years: an economic committee is expected to take place between Israel and Turkey Israel today

2022-08-08T07:02:07.568Z


After the Minister of Economy renewed the activities of the general attachés in Turkey, Matan Safran was appointed to fill the position • Ankara is important to Israel on the political and economic level, welcomes the appointment"


 The Minister of Economy and Industry, Orna Barbiei decided on the renewal of economic attaché activities in Turkey, and today (Monday) it was determined that the role of the economic attaché in Turkey will be filled by Matan Safran.

Matan, a graduate of the 2012 economic annexes course, served in his last position as an advisor to the Director General of the Ministry of Economy and Industry, Dr. Ron Malka.

In his previous positions in recent years, Cohen was the director of the Americas desk, director of the China desk and director of the international financial institutions department in the Foreign Trade Administration at the Ministry of Economy. In 2014-2018 he served as the head of delegations of the Ministry of Economy and Industry in Romania.

Turkey is the fourth most important trade partner for Israel's economy and the fifth most important export destination in 2021. Between Israel and Turkey there is an agreement for a free trade area, since May 1, 1997 - within the framework of which there were four rounds of a mixed economic committee between the countries, the last of which was held in Jerusalem in July 2009. The round The fifth is expected to take place this fall.

Minister Orna Barbibai said: "Turkey is an important country for Israel on the political and economic level. The renewal of the annexation activity has the potential to make a significant contribution to the economic growth of both countries. I welcome the appointment and wish them success."

The director of the Foreign Trade Administration, Ohad Cohen, said: "The appointment is part of a series of assistance tools that the Foreign Trade Administration in the Ministry of Economy and Industry is promoting in order to upgrade and strengthen the economic activity between Turkey and Israel. The return of bilateral activity to its course between the governments in the fields of trade and economy embodies great potential for increasing cooperation The commercial operations between them, and I am confident that Matan's appointment will advance them in the coming years."

Trade data: The Foreign Trade Administration reported that the mutual trade of goods and business services between Israel and Turkey in 2021 was 7.7 billion dollars.

The volume of exports of goods to Turkey that year was about 1.9 billion dollars (about 34% of Israeli exports to Eurasia and other European countries).

Israeli exports to Turkey mainly include chemicals (52%), base metals (14%) and rubber and plastic (10%) and imports from Turkey mainly include base metals (27%), electrical and mechanical machinery and equipment (11%), transportation products (9%) and even Fresh agricultural produce (7%).

The balance of trade is in favor of Turkish exports to Israel, which amounted to about 5.7 billion dollars, while Israeli exports to Turkey amounted to about 2 billion dollars.

were we wrong

We will fix it!

If you found an error in the article, we would appreciate it if you shared it with us

Source: israelhayom

All news articles on 2022-08-08

You may like

Trends 24h

News/Politics 2024-04-18T09:29:37.790Z
News/Politics 2024-04-18T11:17:37.535Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.