Unfortunate but totally preventable:
Turkish Prime Minister Recep Tayyip Erdogan said on Tuesday that Turkey was “totally suspending” defense industry ties with Israel, after downgrading diplomatic relations with the Jewish state.
“Trade ties, military ties, regarding defense industry ties, we are completely suspending them. This process will be followed by different measures,” Erdogan told reporters in Ankara.
Erdogan’s confirmation came just days after Ankara launched a series of penalizing measures, including the severing of military ties, against Israel over the latter’s refusal to apologize for its deadly raid on a Gaza-bound aid flotilla in 2010.
Earlier Tuesday, top Israeli defense official Amos Gilad indicated that military ties with Turkey were in fact still in effect, despite Turkish declarations, saying that the “Israel’s military attaché was continuing his work.”
Earlier this week, Bank of Israel Governor Stanley Fischer warned against the enomic consequences of a prolonged trade rift with Turkey, saying that that the Turkish economy far surpasses Israel’s and is growing extremely fast.
Turkey is a dominant force in the region as Israel becomes increasingly isolated. This will hurt Israel more than Turkey.