The Palestinian economic strategy being developed is export-oriented
and outward looking. The Palestinian economy has already begun
the process of integrating with regional and international economies
through a network of free trade agreements and trade associations.
Current short-term goals focus on improving access to foreign
markets and overcoming the obstacles hindering the movement of
people, goods and services to these markets.
Investment in Palestine is being
encouraged not merely to increase the size of the economy,
to increase private sector employment, generate income,
and improve living standards. A move towards increased
per capita prosperity will additionally have the
overall effect of potentially stabilizing tensions
in the region,
if achieved in tandem with a just political settlement.
A just peace and prosperity within the West Bank
Strip is not only good for us, but it’s good
for Israel and the Middle East as a whole.