Trade

Norwegian Jewish leaders warned that a proposed law criminalizing some settlement trade could create “real anxiety” among Jews and carry risks beyond a political signal.

In Canada, the punishment for being found trading with Israeli settlements is up to five years under the nation's Special Economic Measures Act. In the UK, the punishment is up to 10 years.

Elliott Abrams said Israel's retaliatory measures against Britain were likely successful in limiting London's diplomatic influence.

"Beyond the diplomatic steps Israel took yesterday - which I think were spot on - Israel also has economic leverage. Trade between Israel and the UK is roughly balanced," said Shmuel Ben-Tovim.

The UK, Canada, France, and 10 other countries announced plans to impose national restrictions on goods from Israeli settlements, in a surprise coordinated move.

London is banning trade with Israeli settlements. The secret Hezbollah case shows how much of the UK-Israel relationship the British public never sees.

Miliband: UK believes Israel is carrying out ethnic cleansing in West Bank, 'we refuse to be bystanders' • Alongside UK, France, and Canada, 12 countries say they back restrictions on settlements

The US and Canada have been locked in a trade war for over a year, with the US imposing 50% tariffs on certain ‌Canadian imports on August 22.

British Foreign Secretary Ed Miliband told the House of Commons last week the UK needs “a comprehensive reset of our policy” when it comes to the West Bank.

The discovery at Asila opens a window into the trade network connected Egypt with the Arabian Peninsula, said Egyptian Minister of Tourism and Antiquities Sherif Fathy.