Originally posted by AhmedDimwitson:
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Hmmm, don't know about this. Would be interesting to see figures on Israeli trade. I'd bet that their biggest trading partner is the EU, base this assumtion on the short distance. To the US it takes ages by boat and with flight cargo the price is higher, the EU is the closest market hence probably the biggest one for them. Nut what kind of industry does Israel have? onlything Israeli I think I've bought are oranges.
Anyways, will try to find figures that show the ratio.</strong><hr></blockquote>
Exports - partners: US 36%, UK 6%, Benelux 5%, Hong Kong 4%, Netherlands 4% (1999)
Imports - partners: US 20%, Benelux 11%, Germany 8%, UK 8%, Switzerland 6%, Italy 5% (1999
"Israel usually posts sizable current account deficits, which are covered by large transfer payments from abroad and by foreign loans. Roughly half of the government's external debt is owed to the US"
source: <a href="http://www.odci.gov/cia/publications/factbook/index.html" target="_blank">http://www.odci.gov/cia/publications/factbook/index.html</a>
Conclusion: EU economic sanctions would have a substantial effect.