ICIC: exports to Turkey remain at US$100m a month

There were 26 new export deals to Turkey in June and 33 in July, similar to the rate in the months preceding the flotilla
 
The Israeli Credit Insurance Company (ICIC), which provides foreign trade insurance, reported last week that Israeli exports to Turkey have not dropped at all after the Gaza flotilla incident at the end of May.
 
In a statement issued by the company it was made clear that fears that Turkish companies would exploit the political situation to avoid paying for goods were unfounded.
 
The ICIC reported that Israeli exports to Turkey remained at US$100 million per month in June and July, similar to the pace before the flotilla clash.
 
There were 26 new export deals to Turkey in June and 33 in July, similar to the rate in the months preceding the flotilla, reported ICIC. Most of the deals were in the chemical, plastics, metal and equipment industries.
 
ICIC insures credit in 115 countries, amounting to over 12 billion dollars per year, in foreign trade transactions and the domestic market. The credit insurance guarantees that the supplier will receive his money, even in the event of non-payment by the client as a result of insolvency, financial difficulties or a political event in his own country that prevents payment.