Overseas Investment: Israeli Settlements
The question
To ask the Secretary of State for Business and Trade, whether he has considered barring (a) financial institutions, (b) banks and (c) other corporations headquartered in the UK from investing in settlement-based companies.
Answered by Chris Bryant
The UK Government has a clear position that Israeli settlements in the Occupied Palestinian Territories are illegal under international law. There are clear risks related to economic and financial activities in the settlements, and we do not encourage or offer support to such activity.
The overseas business risk guidance, available on gov.uk, provides further information for UK operators. UK citizens and businesses should be aware of the potential reputational implications of involvement in economic and financial activities in settlements, as well as possible abuses of the rights of individuals that such activity may entail. Those contemplating any economic or financial involvement in settlements should seek appropriate legal advice.
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