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Marketplace All-in-One

Turkey suspends trade with Israel

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 3 May 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC World Service: Turkey says trade with Israel — worth around $7 billion a year — will halt until a permanent ceasefire is secured in Gaza and sufficient humanitarian aid is allowed in. Plus, the Japanese government appears to have spent $35 billion propping up the yen this week, according to data released by the Bank of Japan. However, the weak yen is boosting tourism, and some people aren’t happy about that.

Transcript

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0:00.0

Turkey says it's not trading with Israel.

0:03.7

Hello, I'm Leanna Byrne and you're listening to the Marketplace Morning Report and we're coming

0:07.9

to you live from the BBC World Service.

0:10.2

Good morning.

0:11.2

Turkey says it is stopping all trade with Israel because the humanitarian situation in

0:15.9

Gaza is getting worse.

0:17.7

The BBC's Yulan Nell reports from Jerusalem.

0:20.6

Trade between the two countries was worth some $7 billion last year.

0:24.6

Now the Turkish Trade Ministry says all imports and exports will be stopped

0:28.8

until there's uninterrupted and adequate humanitarian aid allowed into Gaza.

0:33.6

Writing on X Israel's foreign minister Israel Katz

0:36.7

said the Turkish president was breaking international trade agreements.

0:40.4

This is how a dictator behaves, disregarding the interests of the Turkish people and businessman, he wrote.

0:47.0

The move is expected to hit Israel's construction sector, which relies on supplies from Turkey.

0:52.0

Yilan Nell reporting.

0:53.6

There's been a big fraud bust in Europe,

0:55.8

and international police operation by Europol

0:58.2

has just uncovered one of the largest networks

1:00.4

of fraudulent call centers across the continent and beyond.

1:04.0

The BBC's Paul Moss has more.

1:06.2

The scale of this enterprise really was remarkable.

1:09.3

There were call centers in five countries, Germany, Albania, Bosnia, Kosovo and also Lebanon and they were

...

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