UK warning over investments in Israeli settlements

AP News
Posted: Dec 09, 2013 11:40 AM

LONDON (AP) — Britain's overseas trade body has issued a warning to firms investing in Israeli settlements, saying ties to the Israeli communities established in the West Bank could be bad for business.

Investing in settlements involves legal and economic risks "stemming from the fact that the Israeli settlements, according to international law, are built on occupied land and are not recognized as a legitimate part of Israel's territory," the U.K. Trade and Investment department said in a report.

It also noted "the potential reputational implications" of getting involved in settlement activity.

The advice was published last week but only gained widespread attention when it was picked up Monday by Israeli newspaper Haaretz.

European nations' policies toward Israel's settlements are closely followed by Israelis and Palestinians alike.