August 27, 2009

Israeli-Palestinian trade growing

Israeli-Palestinian trade grew steadily last year despite the global economic crisis, hitting $5 billion, Israeli tax authority officials said.

The figures were presented by the Customs Administration of Israel's tax authority at a conference for Palestinian businessman at the international Allenby Bridge border crossing terminal between Israel and Jordan, Globes, an Israeli business news Web site, said Wednesday.

The figures include approximately $3.6 billion in domestic trade and $1.1 billion in Palestinian imports and exports through Israeli ports, the Web site said.

The Allenby Bridge terminal handles more than 1.5 million people each year and approximately $125 million worth of cargo, the site said.

Forty Palestinian businessmen attended the conference together with officials from Israel's Foreign Ministry, Airports Authority and the Defense Ministry's Coordinator of Government Activities in the Territories, the Web site said.