Israel offers cash to firms hit by trade ban; Europe dithers on new rules

Image for article Israel offers cash to firms hit by trade ban; Europe dithers on new rules
News Source : Al Jazeera English

News Summary

  • Israel plans to pay companies in illegal settlements up to 200,000 shekels ($54,000) following a commitment by European countries to ban their goods.
  • A growing number of countries have pledged to restrict trade with Israeli settlements, but far fewer have actually put those measures into force.
  • Spain and Ireland have introduced measures targeting imports of settlement goods, while the Netherlands brought its ban into force on September 22.
  • Belgium’s cabinet approved a draft measure on July 18 that would systematically refuse import permits for goods identified as coming from Israeli settlements.

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