Israeli delegation returns from Athens with plans to triple trade volume, marking Greece as a key economic ally amid fallout from Turkey-Israel tensions
Greece is on track to become Israel’s primary trade partner, replacing Turkey within months, as Israel seeks to mitigate the economic fallout from a Turkish boycott on economic ties with the country. Israel’s reciprocal boycott of Turkey has exacerbated disruptions across construction, industry, and commerce.
According to initial estimates, following a discreet visit of an economic delegation to Greece last week, trade between the two nations is expected to triple, surging from $1.3 billion to approximately $4 billion annually. This development would position Greece as one of Israel’s largest import-export partners. In comparison, trade with Turkey has been valued at $6 billion annually in recent years.
The Israeli delegation, which marked the first high-level economic mission since the outbreak of the war, returned from Athens on Thursday. Delegation members described their reception as “warm and enthusiastic,” with Greek economic leaders eager to strengthen ties with Israel. While Greece has been cautious not to frame this expanded partnership as simply filling Turkey’s void, officials expressed a strong interest in bolstering economic relations, particularly with Israel’s thriving tech sector.
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