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Could a Palestinian Boycott Pinch Israeli Economy?
http://www.juancole.com/2014/08/palestinian-israeli-economy.htmlCould a Palestinian Boycott Pinch Israeli Economy?
By contributors | Aug. 30, 2014
NABLUS (Ma’an) — In the last two months, Palestinians across the West Bank have begun heeding calls to boycott Israeli goods in increasing numbers as popular campaigns have taken to the street to promote the campaign.
Economic analysts say the campaign could potentially have a major negative effect on the Israeli economy, and buoy the Palestinian economy as well.
According to the Palestinian Central Bureau of Statistics, the annual Palestinian consumption of Israeli exports around $3.5 billion, while Palestinian exports to Israel only amount to around $600 million.
Azmi Abd al-Rahman, the Director-General of Policy and Economic Studies and spokesman for the Palestinian Ministry of Economy, told Ma’an that “If applied well, the boycott could create between 70 to 100 thousand job opportunities in the Palestinian lands by providing billions of dollars annually,” which were otherwise being siphoned off to Israel.