Sunday, June 16, 2013

Resumption of economic cooperation between Israel and the Palestinian Authority

Resumption of economic cooperation between Israel and the Palestinian Authority

The ministers of the Israeli and Palestinian Finance decided Sunday, June 16, to "take economic cooperation" after a meeting marking the resumption of contacts after several months of interruption, said the Israeli Ministry of Finance in statement.

Yair Lapid and Shukri Bishara, who were appointed recently "discussed the implementation of confidence-building measures between the two sides," the statement said, adding that "a timetable for the economic cooperation has been defined."


The purpose of this contact is to restore regular meetings on technical issues such as crossing points between Israel and the Palestinian territories, the supply of fuel, electricity and water to the Palestinians and financing of care for Palestinians in Israeli hospitals, according to a Palestinian statement.

Israel suspended the meetings in November as part of its retaliation for the granting of observer state status at the UN to Palestine, a Jewish state condemned by the process. "Economic cooperation will be beneficial for Israel and the Palestinian Authority. We continue to strengthen our ties and promote the important economic issues for both parties," Lapid said after the meeting, quoted in the press services .

"Our contacts with the Israelis continue daily, there are problems related to the daily lives of Palestinians must be coordinated and monitored by the Israeli occupation authorities," said his side had the Palestinian negotiator, Saeb Erekat, the Public radio Voice of Palestine.

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