Israeli arms exports take dramatic hit amid growing boycott campaign

[R. Daneel Olivaw]

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http://mondoweiss.net/2015/10/dramatic-boycott-campaign

Israeli military exports this year could decline to just 53% of their level in 2012 and “less desire for Israeli-made products” is a key factor, according to a letter from Israel’s four largest military companies.

Industry leaders are warning that military exports have steadily fallen since they reached $7.5bn in 2012. Sales in 2014 decline to $5.5bn and could drop to as low as $4bn this year, according to media reports about the letter.

The Boycott, Divestment and Sanctions (BDS) movement has been running highly visible campaigns against military trade with Israel that have seen 12 banks and pension funds exclude Israeli arms company Elbit Systems from their investment portfolio. Israeli owned arms factories have been blockaded, and a growing number of political parties and trade unions have called for an end to military ties with Israel.

The governments of Norway and Turkey have both announced military embargo policies against Israel in recent years.

BDS

[Lithos]

1. Press release

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