Released on: December 12, 2007, 11:54 pm

Press Release Author: Hadeel / Sky PR

Industry: Financial

Press Release Summary: Palestine International Busieness Forum organized a
discussion for its new study about the Future Scenarios of the Economic Relations
between Palestine and Israel with the participant of Palestinian, Israeli and
Swedish business leaders.


Press Release Body: Thursday Dec. 13 2007; Palestine International Business Forum
"PIBF" organized, yesterday a full day program to present and discuss the results of
its recent study prepared by the a group of European, Israeli and Palestinian
economic experts focusing on the Future Scenarios of the Economic Relations between
Palestine and Israel.

The aforementioned event took place at the Ambassador Hotel in Jerusalem, included
several speakers from the forum, and other official guests of honor. The opening
speech by Mr. Zahi Khouri, PIBF Chairman, highlighted the importance of boosting the
Palestinian economy. \"We believe in every individual and we know that any social
development is highly correlated to economical development and thus it is our role
as private sector visionaries to give a chance for everyone not only to survive but
to live a decent and dignified life\".


And on his side, the Palestinian Minister of Planning and Guest of Honor, Dr. Sameer
Abdullah, valued the great role of the Forum in enhancing better standard of living
through economic advancement based on studies taking into account the current
situation. \"There is no doubt that the Palestinian economy is facing enormous
challenges, but only through planning and a clear vision we can over come those
obstacles\" he also added \"we are trying to rebuild the trust in the Palestinian
economy and implement a new economical productive environment, in order to reach our
ultimate goal of liberty and independency, and meanwhile provide the private sector
with the suitable environment to take pioneering role in developing the national
economy\" Dr, Abdullah Minister of Planning


Meanwhile, Mr. Amiram Shore, the Vice Chairman of the forum, highlighted the
importance of developing a sustainable Palestinian economy in the region due to the
positive effects it will have on the Israeli Economy. He also emphasized the need to
improve the economic cooperation between Palestine and Israel.

"We are pushing for a sustainable economic situation in the region", Amiram Shore,
Vice Chairman of PIBF.

Mr. Eric Belfrag, Vice Chairman of PIBF- Sweden, also highlighted the importance of
this study in setting the future agenda, which can be based on the concepts of
\"Separating the two economies as an opportunity for better cooperation\".

On the other hand the comprehensive research which was conducted over the past six
months observing the possible scenarios of trade agreements between Israel and a
future Palestinian state; brought forth different recommendations such as the
adoption of a "Free Trade Agreement Plus" as the basis of the future relationship in
addition to the concept of "deep cooperation" where cooperation will make a key
difference for businesses.


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