New report shows boycott is costing Israel roughly 30 million dollars
Victoria's Secret is on the list of companies to boycott. (AFP/File)
The international boycott of Israeli products has cost the regime 30 million dollars so far, a report says.
According to the report by Israel's Maariv newspaper on Friday, the regime sources believed that the Boycott, Divestment and Sanctions (BDS) campaign caused Israel's economy financial losses commensurate to about 100 million shekels.
One source said the boycott was a "constant war” against Tel Aviv while others added that they expected an increase in the number of boycott calls.
The report said calls to boycott products made in Israel’s illegal settlements would probably grow in Europe, which would shrink European imports from Israel.
The overall amount of settlement exports to Europe is estimated to be around 90 million dollars (300 million shekels).
On Wednesday, US historian Rashid Khalidi and philosopher Judith Butler launched a campaign to condemn intimidation of Israel’s critics, especially those who support boycotting the regime.“It is important to recognize that boycotts are internationally affirmed and constitutionally protected forms of political expression,” they said in a statement.
The BDS campaign is part of international efforts to pressure Tel Aviv to stop illegal constructions in the occupied Palestinian territory.
Over half a million Israelis live in more than 120 settlements built since Israel’s occupation of the Palestinian territories of the West Bank and East al-Quds in 1967.
The Israeli regime has been under fire from the international community, including its own allies, over its expansionist policies.
However, Tel Aviv defies calls to abandon its illegal settlement activities.
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