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Israel, PA reach agreement to strengthen economic ties

Several months of secret meetings between Israeli Finance Minister Yuval Steinitz and PA Prime Minister Salam Fayyad resulted in an agreement reached on Tuesday.

01 August 2012 - Last updated 01:46PM
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Photo: Israeli Finance Minister Yuval Steinitz

"The new arrangements are part of our overall stated policy to support Palestinian society and to strengthen their economy," said Prime Minister Benjamin Netanyahu. He added that the agreement will "hopefully further our relations with the Palestinians in other areas as well."

Fayyad said the agreement "will help to strengthen the economic base of the Palestinian Authority [and]...also improve economic relations between the Palestinian Authority and Israel." 
 
Source: Dailyalert
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Israel PA Salam Fayyad Economy