abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

The content is also available in the following languages: français, 日本語, 한국어

Article

5 Feb 2024

Author:
Reuters,
Author:
// Zonebourse avec Reuters

Japan: Itochu to end cooperation with Israel's weapons manufacturing Elbit over ICJ ruling to prevent genocidal acts; Incl. Co. comment

"Japan's Itochu to end cooperation with Israel's Elbit amid Gaza war"

Itochu Corp's [...] aviation unit will end its strategic cooperation with Israeli defence company Elbit Systems Ltd [...] by the end of February amid the war in Gaza, the Japanese trading house's executive said on Monday.

Itochu plans to end the collaboration after the World Court ordered Israel last month to prevent acts of genocide against Palestinians and do more to help civilians, Itochu Chief Financial Officer Tsuyoshi Hachimura said.

"The partnership is based on a request from the Japan's defence ministry for the purpose of importing defence equipment for the Self-Defense Forces necessary for Japan's security, and is not in any way related to the current conflict between Israel and Palestine," Hachimura told an earnings press conference.

"Taking into consideration the International Court of Justice's order on January 26, and that the Japanese government supports the role of the Court, we have already suspended new activities related to the MOU, and plan to end the MOU by the end of February," he said.

Itochu Aviation, Elbit Systems and Nippon Aircraft Supply (NAS) signed the strategic cooperation memorandum of understanding (MoU) in March 2023, seven months before the outbreak of the war...