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Presidential adviser: Damaged relations with Israel not to damage Turkish economy

Business Materials 8 September 2011 18:51
Turkish Presidential Adviser on the Middle East Arshad Hurmuzli believes the volume of Turkey-Israel trade turnover is unimportant for Turkey. Therefore, the rupture of the Ankara-Tel-Aviv relations will not damage the Turkish economy, he added.
Presidential adviser: Damaged relations with Israel not to damage Turkish economy

Azerbaijan, Baku, Sept. 8 / Trend A.Tagiyeva /

Turkish Presidential Adviser on the Middle East Arshad Hurmuzli believes the volume of Turkey-Israel trade turnover is unimportant for Turkey. Therefore, the rupture of the Ankara-Tel-Aviv relations will not damage the Turkish economy, he added.

"Turkey will not suffer from the break in relations with Israel, as the country does not play an important role in the Turkish economy," Hurmuzli told Trend over telephone from Ankara.

Turkish Foreign Minister Ahmet Davutoglu said on Sept. 2 that the diplomatic relations between Turkey and Israel passed on the secondary level. Moreover, Ankara has frozen its military cooperation with Tel Aviv.

Davutoglu said Ankara recalled its ambassador to Tel-Aviv. Davutoglu said that the relations between Tel Aviv and Ankara will not be restored till Israel apologizes to Turkey.

Head of Information and Analytical Department of the Israeli Defense Ministry Amos Gilad said despite the deterioration of the Israeli-Turkish relations, the Israeli military attaché to Turkey will not leave.

The trade turnover between Turkey and Israel increased by 26 percent in 2010 and it totaled $2.335 billion in the first half of 2011. Bulk of the Turkish imports to Israel is occupied by cement, marble and other construction materials, consumer goods products, and food in the amount of $ 1.25 billion. The Israeli imports to Turkey, in turn, amounted to $ 1.1 billion per year. Israel mainly exports tanks, machine tools and various equipment for military and civil aviation, optical devices, etc.

Hurmuzli said the country's interests and principles are most important for Turkey than economic benefits.

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