Wye River Memorandum - Economic Issues

Economic Issues

  1. 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.
  2. The Israeli and Palestinian sides agreed on arrangements which would permit the timely opening of the Gaza Industrial Estate.
  3. 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.
  4. 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.
  5. The two sides recognized that unresolved legal issues hurt the relationship between the two peoples.
  6. The Israeli and Palestinian sides also should launch a strategic economic dialogue to enhance their economic relationship.
  7. The two sides agreed on the importance of continued international donor assistance in helping both sides to implement agreements.

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