Summary
Following Israel’s military occupation of the West Bank and Gaza Strip in 1967, Israel implemented economic and trade policies designed to maintain our economic and trade dependence on the Israeli economy while curtailing possibilities for independent economic development and growth.

Key Facts
According to the World Bank, Israel’s closure has been directly responsible for the sharp reduction in our economic activity, greater unemployment and increased poverty since the beginning of the Second Intifada in September 2000.

International Law
Internationally recognized legal principles and standards applicable to economic relations include multilaterally and bilaterally established standards, such as those set out in

Our Position
We seek to ensure that we have at our disposal every possible means for producing sustainable economic growth and for striving for prosperity.