Israel offers cash support to settlement firms after European trade bans
Israel is planning cash grants for companies operating in illegal settlements in the occupied West Bank after several European countries moved to restrict trade in their goods. The support package is aimed at helping affected firms find new buyers in Asia and South America, according to the supplied report. The move comes as European governments face pressure over how to respond to human rights concerns linked to the settlements.The plan would provide up to 200,000 shekels, or about $54,000, per company. Roey Fisher, who heads Israel's Foreign Trade Administration at the Ministry of Economy and Industry, said a dedicated team... [Continue Reading]
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