Saudi firms warned of Egyptian trade links with Israel
Saudi Arabia’s Ministry of Commerce has issued a warning to importers in the Kingdom to be cautious in dealing with fifteen Egyptian enterprises accused of having trade relations with Israel, reported Al-Jazira . The nation strengthened its trade boycott against the Jewish state after the Palestinian uprising broke out in September 2000.
Saudi Minister of Commerce, Osama Al-Faqih issued the warning in an attempt to block Israeli products from entering Saudi markets under the guise of Egyptian goods. The Arab Office for Boycott of Israel (OBI) has informed the Egyptian firms in questions of the repercussions for smuggling Israeli products into Arab markets.
Sponsored by the Arab League, the OBI boycott of Israel prohibits the importation of Israeli-origin goods and services, as well as any dealing with foreign firms that do business with Israel. Such firms are placed on a blacklist maintained by the OBI.
Based in Damascus, the IBO uses a variety of means to determine compliance with the boycott, including analyzing information obtained through questionnaires sent out to third-country individuals and firms. If the IBO suspects that a firm has engaged in proscribed activities, it may recommend that local IBO offices in member states add the firm to the blacklist. — (menareport.com)
© 2002 Mena Report (www.menareport.com)