Describing Turkey-Israel Relationships With Its Trade Dimension
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Abstract*
Although diplomatic relations with Israel which were established in 1948 and recognized by Turkey one year later have occasionally contained crises, they have continued until today in a bumpy way. The trade between the two countries has also been affected depending on the cooperation or crisis environments experienced in the process in question. However, our study aiming to reveal how bilateral trade relations developed indicated that trade between Turkey and Israel has not been negatively affected over the past decade despite the political crisis environments experienced. On the contrary, according to trade intensity index values, the bilateral trade within the period further increased compared to the share of the two countries in the world trade. Within the 1995–2015 period, Turkey’s exports to Israel increased by 10.38-fold, its imports from Israel increased by 9.28-fold, and the trade volume of the two countries increased by 9.93-fold. When Turkey-Israel trade intensity index values in 1995–2015 are examined, it is seen that both countries realized bilateral trade at a greater percentage than their share in the world trade. In this period, Turkey’s exports to Israel averaged 4.26 times its share in the world exports. In this period, Israel’s…
