[VOA News] Luis Ramirez - The Palestinian territories are experiencing a marked economic upturn as a halt in violence leads to increased trade and investment. "It is way quieter now in the West Bank than the way it used to be even six months, or 12 months ago," said Ofir Gendelman, who heads the Israeli-Palestinian Chamber of Commerce. "When there is quiet, when there is security, the economy will flourish and this is what we see." Construction projects can be seen just about everywhere. The town of Ramallah is preparing to open a newly-built five-star hotel, the result of European investment. Improved security has led the Israeli army in the past year to remove more than 140 checkpoints, allowing for the freer flow of people and goods in the West Bank. "It is easier to negotiate with someone who has a normal life, someone who is not desperate, someone who does not feel disenfranchised," added Gendelman. "I think that the betterment of the economic situation in the West Bank has definitely improved the chances to reach a peace deal."
2009-07-03 06:00:00Full ArticleBACK Visit the Daily Alert Archive