RAMALLAH, Oct. 27 (JMCC) - In light of the acclaimed theory that economic peace leads to real peace between a future Palestinian state and Israel, the author pokes at an economic report released earlier this month by the Bank of Israel that illustrates Israel's trivial economic relationship with the occupied territories.
The report, titled Sales by Israel to the Palestinian Authority, compares previously unpublished data based on VAT receipts with officially reported balance of payments statistics on tradeflows. The bank reveals that Israel exports only the equivalent of 0.15% of its gross domestic product to the Palestinian Authority market – a trivial amount for the powerful Israeli economy.
The report is an eye-opener for anybody concerned with future relations between Israel and Palestine – especially in view of the the idea that economic peace could somehow lead to real peace.
Read the full article at The Guardian...
