Arab Boycott Getting Worse
Notwithstanding euphoric reports since the Gulf War of a cessation or weakening of the Arab Boycott, the latter has actually gained impetus and continues to cause severe damage to the Israeli economy. It is one of the chief factors, for example, behind Israel's $3 billion annual deficit in trade with Europe.
Historical Origins
The embargo began shortly after the founding of the Arab League in 1945, and started with the proclamation of laws and regulations restricting economic ties with the Jewish population in Eretz Isr