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Israel to Reopen Economic Agreements with Palestinians
(Globes) Danny Zaken - As part of the move that recently enabled the transfer of tax receipts to the Palestinian Authority, Israel agreed to reopen the Protocol on Economic Relations, also known as the Paris Agreements, with the PA. The sides agreed to disagree on the issue of payments to terrorists, and Israel will continued to deduct NIS 40 million monthly, in accordance with the law it passed last year. According to a senior Palestinian source, there is already agreement on a number of important changes that will enable the PA to make progress towards economic independence. The Israeli defense establishment believes that the quiet in the West Bank is the outcome of a reasonable economic situation, and that a stable Palestinian economy is in Israel's interests. Nearly 200,000 Palestinians who work in Israel inject $3.5 billion into the Palestinian economy from the wages they earn.