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EU Considers Sanctions on Israel Trade Over Gaza Conflict

by Lucas Fernandez – World Editor

EU Considers Trade Measures Against ​Israel ‌Amid Gaza Conflict

The European Commission ‌is considering suspending preferential trade terms with Israel, a move prompted by mounting pressure from pro-Palestine campaigners and human rights groups concerned about the ongoing military campaign in gaza. Israel is a major trading partner with Europe,‌ exporting approximately €16 billion in goods to ⁤the EU last year – nearly a third of its total global trade.

Currently, a⁢ free-trade agreement established in 2000 eliminates tariffs on imports between Israel and the EU. suspending⁣ this agreement would reinstate annual import duties of an estimated €227 million on⁤ Israeli ‌exports.

The proposal comes as the conflict in Gaza continues, with‌ Gazan health authorities reporting at least 64,900 Palestinian deaths over nearly two years. A global hunger‌ monitor has confirmed famine is occurring in parts of ‍Gaza. Israel launched its military⁣ operation in response to attacks ‌by⁢ hamas‌ militants on southern Israel on October 7th, 2023, which⁣ resulted in‌ 1,200 Israeli deaths, according to Israeli figures.

EU member states will debate the​ proposed suspension of Israel’s preferential market access,with the stances of germany and Italy expected to be especially influential. A previous, more ⁣limited⁣ proposal to⁤ suspend Israel’s access to Horizon funding for start-up companies failed to garner sufficient support earlier ​this year.

Israel ‍is anticipated to actively lobby against the trade suspension. In⁣ a September 16th letter, Israeli Foreign Minister Gideon Saar accused European Commission President Ursula von der Leyen of attempting to harm Israel during what⁤ he termed an “existential” war with Hamas, arguing ⁣the EU’s proposal ⁢would strengthen the militant group and ​hinder efforts to end the conflict.

However, kaja Kallas, the ⁣EU’s foreign affairs chief, stated on Wednesday that the commission’s‌ intention is not to “punish” Israel, but to ⁤leverage the⁢ trade measures to improve‌ the humanitarian situation in Gaza.

The move‌ has been welcomed by Irish ⁤officials.Tánaiste and Minister for Foreign Affairs Simon Harris called it a “critical turning point,” ⁢and Taoiseach Micheál Martin pledged to urge all member states to support the measures when they are voted upon.

alongside the​ trade considerations, the Commission has also proposed sanctions, including travel bans, targeting individuals on ⁤both sides of ‍the conflict. These proposed ⁢sanctions include two extremist Israeli ministers, Itamar Ben-Gvir and Bezalel Smotrich, along with violent Israeli ‍settlers and ten⁢ senior Hamas figures.⁤ Unanimous⁣ approval from all 27⁣ EU states is required for⁤ these sanctions, but measures against ‌Smotrich and Ben-gvir face strong opposition, particularly from Hungary, and are unlikely ⁢to‌ be approved.

The proposal follows‍ a ​recent conclusion by⁢ a United Nations commission⁢ of⁤ inquiry that⁢ Israel has committed genocide in Gaza – a ⁣charge Israel has rejected.

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