TURKEY - Tripling Trade with Israel Over Next Five Years

Arno Froese

Turkish exporters have called for a tripling of trade volume between the two countries in the next five years.

After a very successful first quarter of 2017—in which Turkish exports to Israel increased by 20% and Israeli exports to Turkey rose by 45% —Mehmet Buyukeksi, chairman of the Turkish Exporters Assembly, expressed his confidence that Israeli-Turkish trade volume could grow from today’s $3.9 billion figure to $10b. within five years’ time. By combining their distinct and complementary areas of expertise, Israeli and Turkish business leaders could not only increase trade between countries but also fuel increasingly positive political relations, he explained.

“We believe that our two countries have some complementary advantages that can be beneficial for both sides,” Buyukeksi said. “Turkey has a big and young population, where industry is also very important. From the Israeli side, there are the hi-tech, innovative, breakthrough projects in entrepreneurship, and they are all complementary to one another.”

Not only should Israeli and Turkish businessmen and businesswomen be selling their goods to one another, but they should also be initiating joint ventures in third-party countries, according to Buyukeksi.

“We believe that we have a huge potential together, and we also believe that international relations are optimized by means of business,” he said.

Some particular areas in which Turkish companies are seeking Israeli partners and expertise are the defense, medical, software and smart mobility industries, Buyukeksi said.

-www.jpost.com, 16 May 2017

Arno's commentary

Religious and political differences are bridged over by commerce. Turkey, with its over 80 million population, is a close-by market for Israel. Turkey’s economy was measured at $21,100 GPD per capita in 2016, while Israel’s was $34,800. This again shows the interdependency of the nations. Turkey needs Israel, and Israel needs Turkey. That is the conquering strategy of globalism and, according to Scripture, we know that globalism will have the upper hand, albeit temporarily.
We reiterate: there is no future for planet earth. It’s all temporary. Here the words of the apostle Peter come to mind: “Looking for and hasting unto the coming of the day of God, wherein the heavens being on fire shall be dissolved, and the elements shall melt with fervent heat? Nevertheless we, according to his promise, look for new heavens and a new earth, wherein dwelleth righteousness” (2 Peter 3:12-13).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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