-Caveat Lector-

http://www.newsfrombabylon.com/article.php?sid=2508

US warns companies over Israel boycott
Posted on Tuesday, November 05 @ 22:01:51 EST by JohnBrown
Submitted by sv3n


BBC News [UK]
Tuesday, 5 November, 2002, 09:45 GMT

The United States has threatened to fine US companies that take part in an Arab lead
economic boycott of Israel.

"The US government is strongly opposed to restrictive trade practices or boycotts 
targeted
at Israel," said Undersecretary of Commerce for Industry and Security Kenneth Juster.

"The Commerce Department is closely monitoring efforts that appear to be made to
reinvigorate the Arab boycott of Israel and will use all of its resources to 
vigorously enforce
US anti-boycott regulations."

Mr Juster's threat came after 18 of the 22 members of the Arab League agreed to
"reactivate" a half-century-old ban on trade with Israel last week.

US laws ban the participation by US nationals and companies in unsanctioned foreign
government trade boycotts, especially the Arab League's boycott of Israel.

The Department of Commerce has issued more than $26m (£16.7m) in fines and turned
down export licences to those found violating the law.

Renewed boycott

"It is necessary to reactivate the Arab boycott of Israel and combat the importation of
Israeli products to Arab countries," said the League after a meeting of the Boycott 
Office of
Israel (BOI).

League members Egypt, Jordan and Mauritania - which maintain diplomatic ties with 
Israel
- and Somalia did not attend the meeting.

"The economic boycott of Israel is a peaceful, legal and noble means of struggle 
against the
enemy and is aimed at preserving security and peace," the League said in a statement 
after
the meeting.

Most Arab countries softened their stance after the Gulf War 10 years ago and the 
launch of
the Middle East peace process.

The BOI met again for the first time in eight years last October, when it drew up a 
list of 15
firms to be black-listed, but the list remained unpublished.

The next meeting will take place in the Syrian capital, Damascus, in April.




http://news.bbc.co.uk/2/hi/business/2403303.stm

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