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August 1, 2012 10:30 am

Israel and Palestinian Authority Reach First Economic Agreement in 10 Years

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Palestinian Authority Prime Minister Salam Fayyad. Photo: wiki commons.

Ynet – Finally, after a decade a ministerial economic agreement has been reached between Israel and the Palestinian Authority. Minister of Finance Yuval Steinitz announced Tuesday that he has reached an understanding with Palestinian Prime Minister Salam Fayyad about broadening economic cooperation and improving tax collection on goods which reach the PA via Israeli ports.

The agreement includes four major understandings between the two parties.

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