/ ADDITIONAL INFORMATION
- The EU is Israel’s biggest importer of goods, and its second biggest exporter. In 2006 the total traded between the EU and Israel amounted to 23.5 BILLION Euros.
- The EU-Israel Association Agreement forms the legal basis for this relationship which gives Israel preferential trade terms with EU countries. Article 2 of the Agreement states that these relations shall be based on respect for human rights and democratic principles which must guide internal and international policy. (source)
- EU trade helps to sustain the settlements which it considers, rightly, to be illegal under international law. According to World Bank estimates, EU imports from Israeli settlements are valued at $300 million a year, around 15 times more than the value of imports of Palestinian-made goods. (source)
- ACAA is a new agreement, voted through by the European Parliament in October 2012, which would see Israel gain new access to European pharma markets, without giving any undertakings to ensure that they fulfil the human rights obligations required by their Agreement with Europe. Israel has even refused to ensure that products come only from Israel (not settlements in the occupied Palestinian territory). (source)