ArabianBusiness.com - Middle East Business News
Friday, 05 September 2008 | 09:25 UAE time

YOUR DIRECTORY /

Print this page Print this page | Email this to a friend Email this to a friend | Discuss this article (0 Comments) |

Agro project set to boost Palestinian economy

by AFP on Wednesday, 02 July 2008
ECONOMIC BOOST: Japan and Middle East leaders have agreed a project to boost the Palestinian economy. (AFP)

Japan and Middle Eastern leaders agreed Wednesday on a project to bring thousands of badly needed jobs to the West Bank, voicing hope it would lay the groundwork for a Palestinian state.

Israel, Jordan and the Palestinian Authority said after talks in Tokyo that they aimed to start building a Japanese-funded agro-industrial park in the region by early next year.

The project's "success would provide local people with new jobs, promote the economic development of Palestine and provide hope for the future", Japan's Foreign Minister Masahiko Komura said.

Story continues below
advertisement

"It is necessary to create a Corridor for Peace that enables a free transfer of people and goods across borders," he added.

The four sides said in a joint statement that the initiative "will contribute to creating a future viable Palestinian state, living in co-existence and co-prosperity with Israel".

Saying there was an "urgent need" to improve the lives of ordinary Palestinians, the four said the project would create jobs and "build trust among all the parties".

Japan is spearheading the project as part of its drive to increase its clout in the Middle East and broaden its global influence. Japan timed the meeting before it hosts next week's summit of the Group of Eight industrial powers.

The talks came amid new violence in the region with a Palestinian man killing at least three people when he rammed a bulldozer into a bus and cars in central Jerusalem.

The Japanese project, first proposed in 2006, would export fruit and vegetables via Jordan to the Gulf and provide jobs for up to 6,000 Palestinians, mostly around the West Bank town of Jericho, according to Japanese officials.

"The vision is bold, the task is daunting but I am confident that Japan has the experience and the goodwill to bring this project to its successful conclusion," said Palestinian Planning Minister Samir Abdullah.

Israeli Environment Minister Gideon Ezra, who also deals with security issues, said he hoped the project would get underway "with no delay".

"Let us use all of our efforts to realise as soon as possible the success of this project," Ezra told a ceremony.

A feasibility study undertaken by Japan is to be completed in November and the four countries called for cooperation from the Palestinian, Israeli and Jordanian private sectors.

But officials and experts point to the complexities of the project as Israel controls security, water resources and Jewish settlements in the region.

Japan pressed Israel to freeze the construction of settlements and move ahead with a "road map" for peace as outlined by a November summit in Annapolis, near Washington.

"It is extremely important that both sides execute measures agreed to in the road map including a halt to settlement construction and violence," Komura said.

"It is also important to alleviate the painful situation of Palestinians living in Gaza," Komura said.

In response, the Israeli minister said that his country "will continue to abide by the road map and continue to pursue negotiations with the Palestinian side", according to a statement from Japan.

Israeli authorities last month approved a plan to build 40,000 new homes in Jerusalem over the next 10 years, including in the annexed Arab eastern sector of the city.

Jordanian Foreign Minister Salah Bashir told reporters that the Japanese project "demonstrates an understanding of the relationship between prosperity and ensuring a lasting peace of all of our region".

Japan has portrayed itself as a neutral broker in the Middle East due to its lack of historical baggage. But it has long maintained friendly ties with Arab states and Iran on which the resource-poor Asian power depends heavily for oil and gas.

Print Print | Email Email | Discuss this article |



USER COMMENTS (0 COMMENTS)

CLICK HERE TO POST A COMMENT

Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code * Code


Please click post only once - your comment will not be published immediately.

 EMAIL ALERTS

  1. Palestinian National Authority

  2. Politics & Economics



BUSINESS FEATURES

Crackdown

Dubai is turning the screw on white-collar crime, with a string of dramatic high-profile arrests.

Riyadh legal

Saudi lawyers are reaping the rewards of a scramble by international firms to find local partners.

Ka$hakhstan

Gulf states are leading the charge into Kazakhstan with its vast and untapped commodity wealth up for grabs.

ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Senior Lawyers
    Industry: Legal
    Location: Doha, Qatar
  2. Junior Real Estate Lawyer
    Industry: Legal
    Location: Abu Dhabi, UAE
Browse all jobs »

BUSINESS INTERVIEWS

Heal the world

Acclaimed economist and UN adviser Jeffery Sachs on his formula to make poverty history.

Safety matters

Richard Carroll on the importance of preparation when it comes to emergency services.

MORE FROM ARABIANBUSINESS.COM