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Reload this Page Saudi Arabia lifts Israel embargo (bless, organization, Article)
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  #1  
Old 11-15-2005, 10:29 AM
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Default Saudi Arabia lifts Israel embargo
Saudi Arabia lifts Israel embargo


In a move meant to pave the way for its entry into the World Trade Organization (WTO), Saudi Arabia on Tuesday cancelled its economic embargo against Israel, itself a WTO member state.

Under the bylaws of the WTO charter, no member nation may impose an economic embargo on another member state. As a member of the Arab League, Saudi Arabia participated in a joint embargo on Israel for many years, despite its desire to enter the organization. During 12 years of negotiations with the WTO, the Arab nation refused to lift its embargo against Israel - until today.

The Industry, Trade, and Labor Ministry said that in the near future a number of major international electronic, automotive, and foodstuff companies will begin business relationships with Israeli firms as a result of the lifting of the embargo. A spokesperson of the ministry stressed that although the embargo's effects as of late were minimal, the move still represented a major step that would encourage international investment in Israel and increase its exports. The lifting of the embargo also suggested that Israel and Saudi Arabia would commence business and trade relations.

http://www.jpost.com/servlet/Satelli...cle%2FShowFull



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  #2  
Old 11-15-2005, 10:34 AM
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A hopeful move! Now if we can just get the Saudi's to refrain from teaching their children that all evil in the world originates with Israel, there might be some more progress.
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  #3  
Old 11-15-2005, 10:39 AM
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Quote:
Originally Posted by Sunstone
A hopeful move! Now if we can just get the Saudi's to refrain from teaching their children that all evil in the world originates with Israel, there might be some more progress.
not just israel, but jews in general
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Old 11-15-2005, 01:19 PM
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Wow... good news out of the Middle East. Always a pleasant surprise.
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Old 11-15-2005, 01:50 PM
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Good news indeed.
Though they are not well known for being able to keep their extreme countrymen in check.

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Old 11-15-2005, 03:00 PM
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woot!
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