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Knesset Report: BDS Movement Has No Impact on Economy

(Ha'aretz) Ora Coren and Zvi Zrahiya - The global movement to boycott the Israeli economy is having no discernible impact, a Knesset Research and Information Center report said Wednesday. The report found that Israel's merchandise exports to the European Union had nearly doubled since 2005, when the global BDS movement coalesced. Foreign direct investment has grown 58% in the last four years. The report noted that "a major portion of Israeli exports are intermediate products, like electronic components, that sit inside the final products of well-known global companies. So attempts to boycott haven't been successful." The EU crackdown on exports from West Bank settlements is unlikely to have any pronounced effect, the report said. Only 0.7%, or $100 million, of Israel's non-diamond industrial exports to the EU in 2013 originated in the West Bank, the Golan Heights or east Jerusalem, the three areas covered by an EU directive.
2015-01-09 00:00:00
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