Mustafa Barghouti, the secretary-general of the Palestinian National Initiative movement, has estimated that Israel has incurred losses of around eight billion dollars due to the boycott campaign against illegal settlements, equivalent to 20 per cent of their GDP.
Regarding the latest Palestinian efforts to escalate the settlement boycott, Barghouti revealed that an agreement has been made with 13 democratic Arab parties to form boycott committees in the Arab world.
In a statement to Quds Net News Agency on Thursday he said: “the European Union did not issue a decision to boycott Israel, but what is taking place is the boycott of any relationship or agreements with settlements in the West Bank and East Jerusalem.”
Furthermore: “This experience is being circulated worldwide and not only in European countries; many areas worldwide are also ready to boycott the settlements.”
The agreement with the Arab parties to participate in the boycott campaign came after the participation of a delegation from the Palestinian National Initiative movement headed by Barghouti, along with a delegation from Fatah, headed by Nabil Shaath in the Arab Social Democratic Forum. It was held in Amman, Jordan, over two days and ended Wednesday.
The draft resolution put forward by the Palestinian National Initiative regarding Jerusalem was agreed upon unanimously, along with a mass movement of boycott and sanctions against Israel and the decision to support the Palestinian popular resistance and the struggle for justice for Palestinians against the occupation and the settlements.
The delegates called upon the people of the Arab world and its friends to adopt a strategy for boycott, divestment and sanctions (BDS) against Israel until it ends its discriminatory, unjust occupation.
– See more at: http://www.middleeastmonitor.com/news/middle-east/10590-israel-loses-eight-billion-dollars-and-arab-parties-join-the-boycott#sthash.Sl9245eP.dpuf