Israeli Finance Minister Bezalel Smotrich on Thursday announced that Israel would abolish its free trade deal with Türkiye and impose a 100-percent tariff on Turkish imports, in retaliation for Ankara's decision to halt exports to Israel.

The decision, to be submitted to the Israeli cabinet for approval, would remain in effect until the end of the term of Turkish President Recep Tayyip Erdogan, "who is behind the decisions against Israel and its economy," Smotrich said in a statement.