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Settlements lose $6bn in two years of European boycott

June 15, 2015 at 12:20 pm

The European boycott campaign against the Israeli settlements’ agricultural products caused Israel’s economy a loss $6 billion in the years 2013 and 2014.

According to the data of the Israeli Central Bureau of Statistics, obtained by the Israeli newspaper Haaretz, the losses resulting from the boycott will rise to $9.5 billion by the end of this year.

The paper said that Israel is trying to compensate for these losses through increasing Israeli exports to the United States, as well as increasing US investments in Tel Aviv.