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
Famous quotes containing the words economic and/or issues:
“In our personal ambitions we are individualists. But in our seeking for economic and political progress as a nation, we all go up—or else all go down—as one people.”
—Franklin D. Roosevelt (1882–1945)
“The current flows fast and furious. It issues in a spate of words from the loudspeakers and the politicians. Every day they tell us that we are a free people fighting to defend freedom. That is the current that has whirled the young airman up into the sky and keeps him circulating there among the clouds. Down here, with a roof to cover us and a gasmask handy, it is our business to puncture gasbags and discover the seeds of truth.”
—Virginia Woolf (1882–1941)