The EuropeanUnion together with European partners, MinistryofNationalEconomy and PalestineMonetaryAuthority held an event at the Gaza Chamber of Commerce and Industry promoting Team Europe investments in Palestine, calling for fundamental political and economic changes for the benefit of the Gazan people.
In the margins of the conference, Team Europe partners visited businesses that suffered damages following several rounds of hostilities in the past years and received European financial support for the recovery of their economic activities. The European Union representatives praised the Gazan private sector for its resilience and called for fundamental political and economic changes in Gaza. First and foremost, political unity and resumption of PA government functions are key. Furthermore, it is essential to ease Israel’s access and movement restrictions and create conditions that allow sustainable economic growth.
The event was last in a series of conferences organised across the West Bank and Gaza that will culminate in a high level EU – Palestine Business Forum to be held in Ramallah in autumn 2022 for the first time ever. The main objective of the Business Forum is to better mobilise private and institutional investors towards the Palestinian economy by means of establishing an avenue for public-private dialogue in the framework of the EU – Palestine Investment Platform.