The Arab League has imposed a formal economic boycott against Israel since 1948 to the present. In 1977, Congress passed legislation prohibiting U.S. businesses from becoming instruments of foreign-led, non-U.S. boycotts such as the Arab League boycott of Israel.
Under the law, if an entity asks an American firm for assurance that it does no business with Israel, the U.S. company is supposed to report that request to the federal government. The business is not supposed to comply with the request or furnish information to the requestor that would help the Arab League enforce its boycott.
The Bureau of Industry and Security’s Office of Antiboycott Compliance has settled with seven U.S. companies in 2012 for 44 alleged violations of antiboycott regulations this year:
- Parfums de Ceour, a Connecticut-based discount perfume seller, furnished information three times to the United Arab Emirates, and failed to report six requests it received from the…
View original post 249 more words