US counts boycott cost

02 December 1994
REGIONAL

The Arab boycott of Israel has cost US companies about $410 million in lost revenues in 1993, according to a study carried out by the US' International Trade Commission. 'This finding underlines the critical importance of ending the Arab League boycott in its entirety,' the US' trade representative Mickey Kantor said on 16 November.

US companies are affected by the Arab secondary and tertiary boycott, which targets companies that do business with Israel. Tough US anti-boycott laws prevents US firms complying with demands set by Arab states regarding the boycott.

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