Israeli consul-general in Istanbul has said Turkish business people will from now on be able to get three-year, multiple-entry visas.
The announcement comes following the ongoing normalization process between Turkey and Israel.
Speaking at the Turkish-Israeli Business Forum of the Turkish Exporters’ Assembly in Istanbul Tuesday, Shai Cohen said both countries had agreed to boost economic ties and renew outdated agreements.
Cohen said the current trade volume, including exports and imports, was estimated at around $4 billion to $5 billion although “some experts say our trading potential is $8 billion.”
The Israeli envoy also pledged he would talk to authorities in Israel about non-tariff barriers in the fruit and vegetables trade.
Under the current FTA, dated March 14, 1996, numerous trade-related areas including sanitary and phytosanitary measures, internal taxation, balance of payments, public procurement, state aid, intellectual property rights, anti-dumping, rules of origin and various safeguard measures are addressed. The stipulations of the agreement on industrial products, all the customs taxes and charges that have an equivalent effect were abolished on Jan. 1, 2000.
Regarding agricultural products, Turkey and Israel granted each other unlimited tariff elimination or reduction and/or tariff reduction or elimination in the form of tariff quotas for some agricultural products originating in the other party.
Furthermore, in 2006 and in 2007 both parties revised the list of agricultural products that are granted preferential treatment under the original agreement.
Talks on expanding energy collaborations between the two countries also top the economic agenda of both countries as a potential pipeline that could be built through Turkey to carry petroleum gas from the Mediterranean to Europe is deemed highly lucrative for Israel, compelling both countries to expand the existing FTA in another indication that normalization continues to gain momentum.
Turkey and Israel renewed ties in June 2016 following a six-year split over the attack on the Mavi Marmara humanitarian aid ship. Israeli commandos had killed 10 Turkish activists aboard the Gaza-bound vessel.