web analytics
January 26, 2015 / 6 Shevat, 5775
 
At a Glance
News & Views
Sponsored Post


Dutch Pension Fund Rejects BDS

The Boycott Israel movement, so far, is more bark than bite.
.

.
Photo Credit: Peter Haskin for Australian Jewish News

The Netherlands’ third largest pension fund, ABP, rejected on Thursday demands from the Boycott Israel movement to disinvest from three Israeli banks that allegedly finance an Israeli presence in Judea and Samaria..

The anti-Israel Avaas organization, along with South African Archbishop Desmond Tutu had pleased with ABP to sell off shares worth more than $75 million in Bank HaPoalim, Bank Leumi and Bank Mizrachi.

ABP decided to follow the example set by another Dutch pension fund, PGGM, in January when it sold off investments in five Israeli banks.

The board of ABP, which is the pension fund for Dutch public workers, said that its investment policy bars holding shares in companies that violate the U.N. Global Compact, AFP reported. The fund’s spokeswoman pointed out that the United Nations, despite its opposition to Israel’s including Judea and Samaria as part of the country, has not declared that the banks are breaking international laws.

The Boycott Israel movement, often terms BDS for Boycott, Disinvestment and Sanctions, has caused some damage to Israel and is a long-term threat, even a strategic threat, but its effect is exaggerated by isolated “victories.”

Selling off shares in banks and companies such Caterpillar, which sells equipment to the IDF, has had a marginal effect in depressing the price on the stock market.

BDS’s “successes” often get more attention than they deserve, and one of the reasons is the inherent bias against Israel in certain media.

The New York Times ran an article on Thursday under the headline “With Gaza War, Movement to Boycott Israel Gains Momentum in Europe.”

The “momentum” referred to a British grocery store’s removing kosher products from its shelves, a London theater’s decision to boycott film funded by the Israeli government, and a plug for Britain’s national embarrassment, known as Member of Parliament George Galloway, who declared that one city in England will be an “Israel-free zone.”

Anti-Israel activists undoubtedly used the war in Gaza to fuel some local boycotts, but the exposure of Hamas for what it is – a regime of war criminals – has mooted the anti-Israel sentiment to some effect.

The anti-Israel spin on the war convinced some governments to reconsider their sales of weapons to Israel, but the long-lasting effect is questionable, especially in light of the chaos among ISIS and fellow Islamic radicals in Syria and Iraq.

After quoting several experts on the threat of a large-scale boycott of Israel, the Times admitted that “the economic impact has been small” and that “the European Union, which has been looked to for leadership on the issue, does not support the idea.”

The most harmful damage so far has been Judea and Samaria, whose products my not bear the stamp “made in Israel” in some countries.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

3 Responses to “Dutch Pension Fund Rejects BDS”

  1. Guy Peters says:

    Anyone or any business boycotting Israel are either ;
    Antisemite neo-Nazis or islamonazis ,or ;
    Useless Idiots !

  2. Reuben James says:

    The Dutch people are a wonderful people. They should KICK all the muslim pigs out of Holland NOW. Period.

  3. Sientje Seinen says:

    I think the Dutch have passed a law if the muslims want to stay in Holland they have to learn the language of the country in order to apply for the jobs in Holland, as the dutch citizens were feeling like aliens in their own country.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Hassnain Aliamin , one of four Muslim teenagers who attacked a Jew in Gateshead.
‘Let’s Go Jew-Bashing’ Muslims Hauled into British Court
Latest News Stories
yair lapid swears

Yair Lapid has announced his Yesh Atid list for the upcoming elections….

Kosher Wine Review features a wine from Yatir, whose grapes are grown the Judean Hills south of Hebron.

God has not cooperated with the Boycott Israel movement.

El Al has canceled its popular 001 after-midnight flight from Ben Gurion Airport to JFK in New York because of the expected blizzard that is forecast to cripple the Northeast in the United States. Flight 027 to Newark, New Jersey will take off 11 hours late, and the flight from Newark to Tel Aviv will […]

Maybe the court will forgive the gang because one of them apologized.

Ari Ne’eman, a pioneer in autism self-advocacy, awarded the Ruderman Prize in Inclusion.

IDF soldiers were dragged to missionary evening of ‘appreciation’ for soldiers who fought in Operation Protective Edge last summer in Gaza.

As they say in Egyptian, plus ça change, plus c’est la même chose.

French far-rightist politician Jean-Marie Le Pen suffered a facial injury.

Apple may have handed the Chinese government access to the software used in its iPhones.

Was it a toy? A test by Al Qaeda? Or maybe Amazon got the wrong address?

ISIS-linked cyber terrorists promoting a ‘Cyber Caliphate’ were busy early Monday hacking the website of Malaysia Airlines.

Canada’s Conservative government is set to consider new anti-terror legislation by the end of this week, following some nations in Europe.

The Old City of Jerusalem is made up of multiple cultures living side by side, in various degrees of conflict and cooperation.

Israeli President Ruvy Rivlin met in New York with former U.S. Secretary of State Henry Kissinger.

More Articles from Tzvi Ben-Gedalyahu
Kosher Wine Review features a wine from Yatir, whose grapes are grown the Judean Hills south of Hebron.

God has not cooperated with the Boycott Israel movement.

Hassnain Aliamin , one of four Muslim teenagers who attacked a Jew in Gateshead.

Maybe the court will forgive the gang because one of them apologized.

As they say in Egyptian, plus ça change, plus c’est la même chose.

Was it a toy? A test by Al Qaeda? Or maybe Amazon got the wrong address?

If US Jews were to make Aliyah at the rate the Jewish Agency expects from France, Israel would have 1 million more Jews.

The White House is passing up the opportunity for Obama’s first meeting with the new Israeli president.

Northern Israel is on a high tension wire. The IDF temporarily closed roads Sunday because of a reported “security incident.”

Printed from: http://www.jewishpress.com/news/breaking-news/dutch-pension-fund-rejects-bds/2014/08/29/

Scan this QR code to visit this page online: