Skip to main content

Europe, US to offer Israel, Palestine economic benefits

The French-British peace initiative will be formally launched after the Israeli elections, offering both sides economic benefits.
RTR4F0V0.jpg
Read in 

When the Israeli and the Palestinian leaders said "no" to US Secretary of State John Kerry in May, they drove their countries’ economies into troubled times.

Accepting a framework agreement would have brought both sides tremendous economic advantages. Israel and Palestine were offered an upgrade of their status within the European Union to the highest level of a non-EU member. The Palestinians were also offered by the United States a $4 billion economic package.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.