Israel’s trade with Palestinians back to pre-intifada level

Israeli sales in the Palestinian Authority will rise 10-15% to $1.9 billion this year.

Israeli sales in the Palestinian Authority will rise 10-15% to $1.9 billion this year, the same level as before the intifada. The Manufacturers Association of Israel made the prediction at a meeting with leaders of the leading Palestinian business organization in the Gaza Strip.

In 1999, a peak in trade between Israel and the Palestinians, Israeli sales in the Palestinian Authority totaled $1.9 billion.

The Manufacturers Association hosted the Palestinians in order to consider ways of strengthening dialogue and economic connections between Palestinian and Israeli businesspeople.

The guests consisted of six Palestinian businesspeople from the Palestinian Businessmen Association (PBA) in the Gaza Strip. The goals of the organization, which consists of 130 Palestinian businesspeople, are to represent the Palestinian business community in the Gaza Strip, and encourage foreign investment and the domestic economy.

The Palestinian businesspeople met with Manufacturers Association division of foreign trade and international relations director Dan Catarivas. They discussed with him ways of renewing economic relations between the Gaza Strip and Israel, following disengagement.

Members of the Peres Center for Peace are helping the Manufacturers Association create a platform for future meetings between Israeli and Palestinian businesspeople, and helped hold the current meeting.

Published by Globes [online] - www.globes.co.il - on November 7, 2005

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