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White House Unveils its Palestinian `Peace to Prosperity' Plan
The White House unveiled details of a $50 billion economic proposal, the first leg of its Middle East peace plan, days before President Donald Trump's son-in-law Jared Kushner hosts a development conference in Bahrain that Palestinian officials plan to skip.
The 40-page proposal by the Trump administration includes the creation of a global investment fund that the U.S. hopes will lift Palestinian and neighboring Arab state economies.
More than half of the $50 billion would be spent in Palestinian territories over 10 years. The rest would be split between Egypt, Lebanon and Jordan. Reuters reported on the plan earlier, citing officials including Kushner, before it was released by the White House.
A signature project would be a $5 billion travel corridor for Palestinian use that would cross Israel to link the West Bank and Gaza. This could include a "major road" and perhaps a rail line. Proposals for facility upgrades to key border crossings and ports of entries were also included.
"Ultimately, this project has the potential to unlock unprecedented levels of trade, grow exports, and increase foreign direct investment in the West Bank and Gaza and its neighbors – particularly Egypt, Israel, and Jordan," according to the White House plan.
Kushner's Conference
Kushner will lead the U.S. delegation at Tuesday's economic development summit in Bahrain. Officials from Saudi Arabia, UAE, Qatar and Bahrain will attend. An Israeli business delegation is also expected.
Palestinians officials aren't expected to attend, although Kushner told Reuters in an interview that some Palestinian business executives have confirmed their participation. He declined to identify them.
"This is going to be the 'Opportunity of the Century' if they have the courage to pursue it," Kushner said of Palestinian leaders.
Hanan Ashrawi, a member of the PLO Executive Committee, criticized Trump's "economy first" approach to seeking a Middle East peace accord, suggesting in a tweet to "first lift the siege of Gaza" and "give us our freedom of movement & control over or borders."
https://www.bloomberg.com//news/articles/2019-06-22/trump-mideast-plan-includes-5-billion-transport-link-reuters?
The White House unveiled details of a $50 billion economic proposal, the first leg of its Middle East peace plan, days before President Donald Trump's son-in-law Jared Kushner hosts a development conference in Bahrain that Palestinian officials plan to skip.
The 40-page proposal by the Trump administration includes the creation of a global investment fund that the U.S. hopes will lift Palestinian and neighboring Arab state economies.
More than half of the $50 billion would be spent in Palestinian territories over 10 years. The rest would be split between Egypt, Lebanon and Jordan. Reuters reported on the plan earlier, citing officials including Kushner, before it was released by the White House.
A signature project would be a $5 billion travel corridor for Palestinian use that would cross Israel to link the West Bank and Gaza. This could include a "major road" and perhaps a rail line. Proposals for facility upgrades to key border crossings and ports of entries were also included.
"Ultimately, this project has the potential to unlock unprecedented levels of trade, grow exports, and increase foreign direct investment in the West Bank and Gaza and its neighbors – particularly Egypt, Israel, and Jordan," according to the White House plan.
Kushner's Conference
Kushner will lead the U.S. delegation at Tuesday's economic development summit in Bahrain. Officials from Saudi Arabia, UAE, Qatar and Bahrain will attend. An Israeli business delegation is also expected.
Palestinians officials aren't expected to attend, although Kushner told Reuters in an interview that some Palestinian business executives have confirmed their participation. He declined to identify them.
"This is going to be the 'Opportunity of the Century' if they have the courage to pursue it," Kushner said of Palestinian leaders.
Hanan Ashrawi, a member of the PLO Executive Committee, criticized Trump's "economy first" approach to seeking a Middle East peace accord, suggesting in a tweet to "first lift the siege of Gaza" and "give us our freedom of movement & control over or borders."
https://www.bloomberg.com//news/articles/2019-06-22/trump-mideast-plan-includes-5-billion-transport-link-reuters?
