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Article

27 Aug 2013

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Who Profits

Despite outcry, EU guidelines on settlements will have little effect (Israel & Palestine)

According to the new guidelines issued by the EU...the various EU bodies can no longer fund or dispense awards and grants to commercial companies, public bodies and organizations working within settlements...[T]he recommendations do not mean a boycott of the settlements. In practice...[they] mean that all bodies operating within Israel and outside the 1967 borders must draw a distinction between the settlements and Israel. Yet this distinction is ill-suited to the economic system that has developed in Israel-Palestine...Nevertheless, these precedent-setting EU recommendations are tantamount to taking a stance against the legitimacy of Israeli settlements beyond the 1967 borders...[I]f the EU pursues this path...there is a real chance that for the first time, Israeli companies shall be forced to consider the cost-effectiveness of maintaining their operations in the occupied territories. [refers to Ahava, Cellcom, IDB, Discount Investment]