As half a million people protest the high cost of living in Israel, the Israeli government has now suffered another hit, however this time it comes from the business world. Israeli businessmen are criticizing the government for not developing trade relations with Turkey and other neighboring countries.
Developments following the raid by Israeli forces on a Turkish aid flotilla headed for Gaza have resulted in igniting a new form of revolt in the Israeli business world. While the number of Israeli businessmen that blame the Israeli government for not following pacifist policies and for regression in the economy continues to increase each day, the increasing organization of the opposition is also drawing attention. The nation, where over a half a million people are protesting the poor economy, is now being blamed by the business world of not developing trade relations with nearby countries. Israel will lose It turns out that just recently the Israeli Embassy has done research on this subject. According to the information obtained by SABAH, over 100 people, including Turkish businessmen, were asked questions regarding the development of commercial relations between the two countries. Accordingly, 90 percent of Israeli businessmen blamed their own government with being insufficient in terms of developing trade. Turkish businessmen openly expressed that there would be no normalization of relations especially due to the lack of an apology following the Mavi Marmara raid. According to the Chairman of the Central Anatolian Machinery Exporters Union Adnan Dalgakıran the only way to repair economic relations is through the Israeli side issuing an apology. Stating that the Israeli business world is considerably uncomfortable with the situation, Dalgakıran states, "In the end, they are the ones to lose out. We have no dependency on Israel on any issue. Israel is the one losing out from the market in the Middle East."
'The tension has come at significant cost' Turkey's announcement of sanctions against Israel has created apprehension in Israel's economy. Israel's Central Bank President Stanley Fischer has stated that not having trade relations with Turkey will cost Israel a lot. Fischer states, "Turkey's economy is growing at an extraordinary rate. They have significant entrepreneurs. Turkey will be a very large market and an important exporting country in the region." Fischer also mentioned that if trade relations come to an end with Turkey hundreds of people could be left jobless.
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