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Palestinian gov't bans products of five Israeli companies

Xinhua, March 22, 2016 Adjust font size:

The Palestinian National Consensus Government announced Tuesday that it will ban products of five Israeli companies in the West Bank markets, in reaction to Israel's ban of five Palestinian companies from accessing the Israeli controlled East Jerusalem market.

The government said in a press release that it has asked relative departments to implement the decision immediately, taking into account the available stock in the markets.

The five banned companies are Tnuva, Strauss, Tara, Soglowek and Tapuzina.

Last week, the Israeli government banned products of five Palestinian companies from the Israeli market in East Jerusalem.

The move was described by the Palestinian Prime Minister as "political and arbitrary that aims at destroying the Palestinian economy."

Palestinian experts warned that the banning of Palestinian products could lead to over 388 billion U.S. dollars annual losses to the Palestinian economy, if the ban continues. Endit