Israel Takes Measures to Halt Decline in Trade with Turkey
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Israel Takes Measures to Halt Decline in Trade with Turkey

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The Israel commercial attache here has taken several measures to fight a threatened decline in Israel-Turkish trade due to Turkey’s inability to meet her commitments to export wheat, cotton and cereals to Israel.

Turkey, Israel’s second best customer, has suffered crop reverses and has halted all exports of these products. She has also ordered large quantities of American wheat and cereals. At the same time, Turkish importers have continued to purchase Israel manufactured and other products against notes. This has forced the Israel Ministry of Trade to refuse export permits for Turkish shipments unless a letter of credit–the equivalent of cash in international trade–has been received in advance by the Israel exporter.

Meanwhile, the Israel commercial attache her, Moshe Galli, has been trying to locate substitute products which Israel firms can buy from Turkish exporters. One such recent deal involved the shipment of 6, 000 sheep from Turkey to Israel. It is also expected that after the arrival of American wheat and cereals, Turkey will actually have an excess of these products and will be willing to start selling them to the Jewish State.

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