Your tax dollars at work again: The 'National Honor Fund'
They're calling it by one of the very few names that could excite the 'Palestinians.' They're calling it the 'National Honor Fund.' The PA Economics Ministry spearheaded the creation of the fund, which it said aims to "cleanse the Palestinian market of products from the settlements and encourage local products." Many Palestinian businessmen and party politicians attended Tuesday's conference.
Economics Minister Hassan Abu Libda said in his speech that Israel prevents the entry of Palestinian goods into Israel. He said the PA intends to boycott goods produced in the West Bank settlements. "The settlements are neither legal nor legitimate. We call on Israeli companies to withdraw their investments from the settlements," Abu Libda said.
According to figures presented by the new fund, $500 million worth of goods produced in settlements reach the Palestinian territories every year.
Fayyad said that contributions to the fund will be recognized by the PA for tax purposes, and called on the international community to assist in halting construction in the West Bank settlements.
Among the products that the PA intends to boycott are those of Beigel Beigel (pretzels), Ahava (beauty products) and the Barkan winery, as well as a large variety of agricultural products grown in the settlements, including fruits, vegetables, eggs and flowers.
What could go wrong?
Israel Matzav: Your tax dollars at work again: The 'National Honor Fund'
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