UK warning over investments in Israeli settlements

Posted - Dec. 9, 2013 at 9:40 a.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LONDON (AP) - Britain's overseas trade body has issued a warning to firms investing in Israeli settlements, saying ties to the Israeli communities established in the West Bank could be bad for business.

Investing in settlements involves legal and economic risks "stemming from the fact that the Israeli settlements, according to international law, are built on occupied land and are not recognized as a legitimate part of Israel's territory," the U.K. Trade and Investment department said in a report.

It also noted "the potential reputational implications" of getting involved in settlement activity.

The advice was published last week but only gained widespread attention when it was picked up Monday by Israeli newspaper Haaretz.

European nations' policies toward Israel's settlements are closely followed by Israelis and Palestinians alike.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

SIGN UP FOR THE KSL.COM NEWSLETTER

Catch up on the top news and features from KSL.com, sent weekly.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast