Growth is good, but not good enough
Danish Foreign Minister Villy Sovndal: This is part of EU support for the Palestinians. South Africa has announced a similar step.
Israeli goods originating in Judea and Samaria imported by Denmark will from now on carry a special label. In an interview with a local newspaper, Danish Foreign Minister Villy Sovndal said, "This is a step that clearly shows consumers that the products are produced under conditions that not only the Danish government, but also European governments, do not approve of. It will then be up to consumers whether they choose to buy the products or not."
Sovndal added that the measure was part of EU support for the Palestinians and the solution of two states for two peoples. He added that the measure was not a boycott of Israeli goods, but targeted goods originating in illegal settlements in the West Bank. He said that the labeling would be optional for supermarkets, and that it was intended to allow consumers to better differentiate between products produced in Israel, which are subject to preferential customs agreements, and those made in settlements in the West Bank, which are not.
Sondval said, "I believe that the labeling will have a clear and direct impact on imports, though the precise effect is impossible to predict."
Yesterday, South Africa also announced that goods produced in Israeli settlements will carry special labels. The directive will come into effect on July 1. In the directive, Minister of Trade and Industry Dr. Rob Davies stated that the decision, under the Consumer Protection Act was intended "not incorrectly label products that originate from the Occupied Palestinian Territory as products of Israel." The directive explicitly mentioned Ahava cosmetics, technology, and soft drinks.
The Ministry of Foreign Affairs has summoned South Africa's Ambassador for an explanation.
The Danish and South African moves come one month after The Co-operative Group, one of the UK's major food retailers, announced a boycott against four Israeli companies - Agrexco, Arava Export Growers, Adafresh Ltd. and Mehadrin Tnuport Export LP (TASE:MEDH).
Two years ago, Palestinian Prime Minister Salam Fayyad led a boycott of goods produced in Israeli settlements in the West Bank. The initiative included the distribution of booklets in the Palestinian Authority listing a wide range of goods originating in settlements, and called on the public not to buy them.
Published by Globes [online], Israel business news - www.globes-online.com - on May 20, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
You comment was recieved and soon will be published.
Thank you for posting your comment, which will be reviewed for publication.
Load more comments
BlackRock Managing Director Stephen Cohen spoke at the "Globes"-BDO Ziv Haft Capital Market Conference.
Israel 11th in Bloomberg Gas Price Ranking
Israel is just below Finland in the ranking, and above Hong Kong and Britain.
Andorn: No tax hike to increase defense budget
The Finance Ministry director said more money should go to civilian services.
Tax Authority targets big spenders
Under suspicion are those who make frequent overseas trips, and unusually large capital market transactions.
Patrick Drahi ousts Eyal Ofer as richest Israeli
"Forbes Israel": Israel's 100 richest people's wealth equals 850,000 ordinary Israelis.
Police: Indict Olmert, Tel-Zur for obstructing justice
The police say Ehud Olmert and lawyer Navot Tel-Zur attempted to dissuade Shula Zaken from testifying.
Treasury forecasts just 3.1% growth in 2015
The IMF and OECD see 3.4% and 3.5% growth respectively in 2015.
TA Art Museum, Russia's Hermitage to collaborate
The announcement reflects the Tel Aviv Museum of Art's standing in the art world.
Lapid: I've learned economics at the people's expense
"A finance minister does not have to be an economist, but must know priorities."
Unemployment still falling
Israel's 5.6% unemployment rate in April is one of the lowest in the OECD.
C'tee calls for limiting cash deals to NIS 7,500
The Locker committee recommends a series of restrictions on the use of cash and checks.
Shekel strengthens as rate decision awaited
Analysts are split over whether the Bank of Israel will announce a rate cut today.
Analysts split on June interest rate decision
Even analysts who see the rate unchanged believe that it will be cut in a few months.
High Court bans yeshiva student stipends
The High Court of Justice: Yeshiva stipends discriminate against university students.
Teddy Sagi in talks to buy English football club - report
"The Reading Post": Teddy Sagi is in talks to acquire Championship side Reading.
Fitch affirms Israel's rating
The outlook for the 'A' long-term foreign currency rating is positive.
Change Israeli education from the ground up
Governments cannot reform our education system without a change in perceptions.
"You can't teach entrepreneurship"
Angel investor Zohar Gilon relies on his own judgement rather than due diligence when selecting investments.
If Rose Fostanes played basketball
Reforms in regulations for foreign caregivers are welcome, but don't go far enough.
Antitrust Authority disappoints on gas competition
The only new company that will compete against Tamar and Leviathan will own less than 8% of Israel's proven gas reserves.
When innovation means a refrigerator
Jamshyd Godrej believes economic development in India must go hand in hand with environmental and social awareness.
Prof. Zvi Eckstein supports NIS 3.30-3.40/$ floor rate
The former deputy Bank of Israel Governor is the first senior figure from the financial system to advocate a floor rate.
2013 boom year for Israeli high-tech
In the first half of the year, there was a 52% rise in demand for mobile and web developers, and salaries are up as well.
Strong shekel forces Israeli manufacturers abroad
Israeli manufacturers tell "Globes" they are losing money due to the current strength of the shekel.
"Ending QE3 will harm the economy"
Prof. Richard Clarida will tell "Globes" Israel Business Conference that the main risk to the US economy is its political system.
Israel offers favorable tax regime for companies
"Globes" and Baker Tilly Israel accountants found Israel's tax benefits are among the most attractive in the West.
Slowdown will worsen
The vested interests that continue to claim that the economy is improving are deceiving the public, says Eyal Horowitz.
Can the US maintain growth after QE3?
Leading economists will discuss "The US: catch 22 the zero interest rate" at the "Globes" 2013 Israel Business Conference.
"The worst could still be ahead in Europe"
Prof. Charles Wyplosz will discuss Eurozone recovery at the Globes Israel Business Conference on December 8-9.
"Let capital pipelines function to full potential"
Amir Bramly argues that limited investment supply is stifling small and medium Israeli companies.