Sep 15, 2011

#BDS Works! Palestinian civil society welcomes the liquidation of #Agrexco

"Campaigners for Palestinian rights are celebrating after the primary Israeli agricultural produce export company Agrexco, which has been a key target of the boycott, divestment and sanctions (BDS) movement in support of Palestinian rights, has been ordered into liquidation after being unable to pay its creditors.

Agrexco is a partially state-owned Israeli exporter responsible

for the export of a large proportion of fresh Israeli produce, 
including 60-70% of the agricultural produce grown in Israel’s 
illegal settlements in Occupied Palestinian Territories (OPT). In 
a translation of the court documents on the liquidation process 
that the BNC obtained, it is clearly stated that Agrexco acted as 
an arm of the Israeli state, effectively providing state subsidies 
to the agricultural sector. The documents indicate criticism of 
the government for allowing the company to default on its debts 
and also warn that Agrexco is a primary Israeli symbol and that 
its downfall is likely to have great implications."
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