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PALESTINIAN INVESTMENT RETURNS SOAR

According to a Palestinian leading economist, the return on investment in the Palestinian territories exceeds returns on investment in many other places around the world. The Palestinian investment sphere is capable of absorbing US$ 8 billion. Many entrepreneurs and businessmen managed to turn real profits on their investments in Palestine. In his address to an economic conference "Euromoney" held in Cairo for emerging markets, Khalid Salam, senior economic advisor to President Yasser Arafat, stated that the PNA is enabling in Palestine an environment that will allow local and foriegn investors to operate in a trouble-free economic atmosphere. Bureacracy is minimal and the laws and regulations in place are for the benefit of the investor. Investors in Palestine have the right to unlimited export. All Palestinian industrial and agricultural products exported to the US, the EU, and IFTA countries are duty-free in those markets. The same applies to exports to Saudi Arabia; certain Palestinian products are duty-free when exported to Jordan and Egypt.