Daily Alert Archives

Several Islamic Nations Quietly Trade with Israel

(Times of Israel) Jacob Atkins - Malaysia, which does not have diplomatic relations with Israel, is importing more and more Israeli products - but not talking about it much. Israeli exports to Malaysia reached $1.457 billion in 2013. Between January and July this year, Israeli exports to Malaysia soared to $884.7 million, a 27% jump over the same period last year. A significant chunk of the trade can be traced to Kiryat Gat in Israel, where global giant Intel has a plant churning out computer chips which it exports to an assembly plant in Malaysia. In addition, there is a heavy current of trade flowing beneath the surface. A raft of Israeli exporters and buyers in Malaysia and also neighboring Indonesia are braving the political headwinds in order to do business - largely through third countries such as Singapore. The estimated value of trade between Israel and Indonesia runs as high as $250 million. Indeed, hush-hush trade between Israel and hostile states has been going on for decades, through conduits such as Cyprus, Turkey and Jordan.
2014-09-15 00:00:00
Full Article