Thursday, September 9, 2010

Anti-Israel economic boycotts are gaining speed

The entire week was marked by boycotts. It began with a few dozen theater people boycotting the new culture center in Ariel, and continued with a group of authors and artists publishing a statement of support on behalf of those theater people. Then a group of 150 lecturers from various universities announced they would not teach at Ariel College or take part in any cultural events in the territories. Naturally, all that spurred a flurry of responses, including threats of counter-sanctions.

That was all at the local level. There's another boycott, an international one, that's gaining momentum - an economic boycott. Last week the Chilean parliament decided to adopt the boycott of Israeli products made in the settlements, at the behest of the Palestinian Authority, which imposed a boycott on such products several months ago.

In September 2009, Norway's finance minister announced that a major government pension fund was selling its shares in Elbit Systems because of that company's role in building the separation fence. In March, a major Swedish investment fund said it would eschew Elbit Systems shares on the same grounds. Last month the Norwegian pension fund announced that it was selling its holdings in Africa Israel and in its subsidiary Danya Cebus because of their involvement in constructing settlements in the occupied territories.

The sums involved are not large, but their international significance is huge.

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