UK government issues warning over doing business with Israeli settlements
Source: The Guardian
UK government issues warning over doing business with Israeli settlements
For the first time, UK government issues guidelines on the risks of
trading with Israeli settlements
Harriet Sherwood in Jerusalem
The Guardian, Monday 9 December 2013 18.28 GMT
The UK government has issued an explicit warning to British businesses over the risks of involvement in Israeli settlements in the West Bank, including potential damage to a company's reputation.
New guidance published by UK Trade & Investment, a government body that works with British businesses in international markets, says there are "clear risks related to economic and financial activities in the settlements, and we do not encourage or offer support to such activity".
It goes on: "Financial transactions, investments, purchases, procurements as well as other economic activities (including in services like tourism) in Israeli settlements or benefiting Israeli settlements, entail legal and economic risks stemming from the fact that the Israeli settlements, according to international law, are built on occupied land and are not recognised as a legitimate part of Israel's territory."
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http://www.theguardian.com/world/2013/dec/09/uk-government-warns-over-business-israeli-settlements