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2024-04-21 06:49:16

Tuko.co.ke on Nostr: Israel holds Palestinian economy captive, say analysts ========== Analysts argue that ...

Israel holds Palestinian economy captive, say analysts
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Analysts argue that the Gaza war has accelerated Israel's control over the Palestinian economy, which has been hindered for decades by agreements following the Oslo peace accords. Israel is tightening its grip on the Palestinian Authority by withholding tax revenues and banning laborers from crossing into Israel. The Palestinian economy is largely governed by the 1994 Paris Protocol, which grants Israel sole control over the territories' borders and the right to collect import duties and value-added tax. The Gaza war has further tightened Israel's control, with customs duties withheld since Hamas sparked the war. The Palestinian Authority is struggling to pay salaries and cover running costs, leading to an unprecedented financial crisis. Investment is stifled by Israel's control over land, resources, and water sources. Israeli politicians are divided on the issue, with some aiming to overthrow the Palestinian Authority and others advocating for allowing workers back into Israel to avoid an uprising. Netanyahu is using economic pressure to weaken the authority and force political concessions in future peace negotiations. Palestinians want a state as well as a healthy economy to live with dignity.

#Israel #PalestinianEconomy #GazaWar #OsloPeaceAccords #ParisProtocol #TaxRevenues #Laborers #FinancialCrisis #Investment #Netanyahu #PalestinianAuthority

https://www.tuko.co.ke/business-economy/545620-israel-holds-palestinian-economy-captive-analysts/
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