Center for Multilateral Trade Studies

A team from the Union of Chambers and Commodity Exchanges of Turkey (TOBB) has spoken about a $5-billion Turkish plan prepared by the Center for Multilateral Trade Studies at the Economic Policy Research Foundation of Turkey (TEPAV) to rebuild Gaza City, after a series of meetings with officials from both Israel and Palestine. 

Ankara could take measures to counter Russian sanctions against Turkey on a global level Turkish Economy Minister Mustafa Elita? has signaled after the sanctions came into effect with the new year. 

"We'll use our rights in line with World Trade Organization (WTO) rules," Mustafa Elita? said in a meeting to release 2015 export figures on Jan. 4. 

Russia's trade sanctions against Turkey are a violation of the General Agreement on Tariffs and Trade (GATT), said a Turkish retired diplomat experienced in trade affairs, noting that the World Trade Organization could punish Moscow for its actions.