Economic Issues
- The Israeli and Palestinian sides reaffirmed their commitment to improve their relationship and agreed on the need to actively promote economic development in the West Bank and Gaza Strip.
- The Israeli and Palestinian sides agreed on arrangements which would permit the timely opening of the Gaza Industrial Estate.
- Both sides should have renewed negotiations on Safe Passage immediately. Negotiations on the northern route would continue with the goal of reaching agreement as soon as possible.
- The Israeli and Palestinian sides acknowledged the great importance of the Port of Gaza for the development of the Palestinian economy, and the expansion of Palestinian trade.
- The two sides recognized that unresolved legal issues hurt the relationship between the two peoples.
- The Israeli and Palestinian sides also should launch a strategic economic dialogue to enhance their economic relationship.
- The two sides agreed on the importance of continued international donor assistance in helping both sides to implement agreements.
Read more about this topic: Wye River Memorandum
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