The president opened by saying “I would like to begin my remarks by referring to the UN’s announcement of a blacklist of Israeli companies operating in the settlements.”

The president read the names of some of the companies on the blacklist: “Bank Hapoalim, Bank Leumi, Bezek, Bezek Beinleumi, Coca-Cola, Africa-Israel, Teva, Eged, Netafim, Elbit Systems, IDB, Dor Alon, Amisragas, Angel Bakeries, Arison Investments, Ashdar, Clal Industries, Café Café, Cellcom, Denya Cibus, Electra, Israel Aerospace Industries, Matrix Systems, Motorola, Nesher, Partner, Paz, Rami Levy, RE/MAX, Shikun & Binui, Shufersal, Sonol, Trima and many others.”

The president said, “I am proud to give these businesses a platform. Proud to be Israeli. I am proud that these are Israeli businesses, patriots who contribute to Israeli society, to economy and to peace. Although we do not promote private businesses here in this house, when Israeli businesses are under the threat of boycott, we will stand with them. Boycotting Israeli companies does not advance the cause of peace and does not build confidence between the sides. We call on our friends around the world to speak out against this shameful initiative which reminds of dark periods in our history.”