Tag: trade relations

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Greece Set to Become Israel’s Prime Trade Partner, Overtaking Turkey

Greece is poised to replace Turkey as Israel’s primary trade partner as tensions disrupt economic ties with Turkey. An Israeli delegation’s recent visit to Athens has set the stage for a significant increase in trade volume, solidifying Greece’s role as a key economic ally. The strengthened partnership promises mutual growth, particularly in sectors like technology and energy, and marks a pivotal shift in Israel’s trade strategy in the region.

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EU’s Borrell Emphasizes Need to Resolve Cyprus Issue for Turkey-EU Relations

Josep Borrell, the EU High Representative for Foreign Affairs, highlights the crucial need to address the Cyprus issue to strengthen Turkey-EU relations. In his annual expansion report, Borrell outlines Turkey’s continued non-recognition of Cyprus and associated challenges, yet notes recent positive developments in regional cooperation and trade.