Thursday, September 15, 2011

Palestinian civil society welcomes Agrexco liquidation, calls for celebration of this BDS victory

The BDS movement celebrates a victory this week as Agrexo, a partially state-owIsraeli produce export company, is forced to liquidate.  Much of their produce is grown in illegal settlements in the Occupied Palestinian Territories.

For Immediate Release - September 12, 2011

Campaigners for Palestinian rights are celebrating after the primary Israeli agricultural produce export company Agrexco, which has been a key target of the boycott, divestment and sanctions (BDS) movement in support of Palestinian rights, has been ordered into liquidation after being unable to pay its creditors.
Agrexco is a partially state-owned Israeli exporter responsible for the export of a large proportion of fresh Israeli produce, including 60-70% of the agricultural produce grown in Israel’s illegal settlements in Occupied Palestinian Territories (OPT).  In a translation of the court documents on the liquidation process that the BNC obtained, it is clearly stated that Agrexco acted as an arm of the Israeli state, effectively providing state subsidies to the agricultural sector. The documents indicate criticism of the government for allowing the company to default on its debts and also warn that Agrexco is a primary Israeli symbol and that its downfall is likely to have great implications.