ADDITIONAL INFO & REFs

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American Jewish Congress: AJCONGRESS PRAISES L'OREAL'S SETTLEMENT WITH U.S. OVER FORMER PARTICIPATION IN ARAB BOYCOTT OF ISRAEL http://www.shamash.org/listarchives/ajcreleases/log9508 "The American Jewish Congress is delighted that the international cosmetics firm, L'Oreal, has finally closed an old and unhappy chapter in its history by reaching an agreement with the Office of Anti-Boycott Compliance (OAC) of the U.S. Department of Commerce requiring it to pay $1.4 million to the U.S. Treasury as a result of its former participation in the Arab boycott of Israel. This is the second largest settlement reached by OAC with an offending firm. "More important that any settlement, however, is the fact that L'Oreal, has begun to do large-scale business in Israel, and indeed, has even adopted the suggestion of AJCongress leadership to use Israel's well-trained laboratory technicians to test its product line. "We also have high praise for OAC for its persistence and investigative skills in pursing this case. "The secondary Arab boycott of Western firms doing business with Israel is on its last legs. L'Oreal's change in policy, doubtless based upon both economic reasons and reasons of morality, clearly points out that doing business with Israel is good business. As a leader over many years in anti-boycott efforts, AJCongress expresses keen satisfaction that L'Oreal has become a warm friend of Israel and its people.