Saturday, January 25th | 28 Tevet 5780

Subscribe
January 8, 2015 10:57 am

BDS Movement Fails to Derail Israeli Economy, Knesset Committee Report Says

avatar by JNS.org

Related coverage

January 24, 2020 10:42 am
0

In 10 Years, Israel Wants Nearly Half Its Electricity to Be Solar

CTech - Within a decade, 43 percent of Israel’s electricity could be solar, according to a report released earlier this...

The BDS movement has failed to derail the Israeli economy, according to a recent report commissioned by the Knesset Finance Committee. Photo: Twitter

JNS.org – The Boycott, Divestment and Sanctions (BDS) movement has not harmed the Israeli economy, and in some cases Israel’s exports have grown in the regions in which the movement has the most traction, according to a recent report commissioned by the Knesset Finance Committee.

“So far, the attempts to boycott Israel have not hurt the Israeli economy on the macro scale. … The boycotts are able to hurt largely the end products of certain Israeli brands. However, since the majority of Israeli exports are intermediate goods, there has not been significant harm done to them,” the report said.

The study analyzed the economic effects of the BDS movement from 2000-2013. The study showed that during that time, Israel’s gross domestic product rose by 54 percent and its exports rose by 80 percent. In Europe, home to the majority of the BDS efforts, exports surged by 99 percent since 2000. Israel’s success in Europe indicates the ineffectiveness of the European Union boycott and tariff placement on products made beyond the 1949 armistice line.

Direct investment in Israel has also risen over the past decade, and that investment’s percentage of Israel’s GDP is higher compared to most developed nations. Perhaps most surprisingly, despite BDS efforts, the share of exported goods originating in Judea and Samaria and the Golan Heights has grown from 0.5 percent to 3.1 percent—and an overwhelming majority of that growth is from exports to the European Union.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.