According to a report of the UNCTAD released Monday, December 2, the Israeli occupation caused a shortfall of 43 billion euros for the Palestinian Authority between 2000 and 2017.
With our correspondent in Ramallah, Marine Vlahovic
With no control over its borders, the Palestinian Authority loses € 1.5 billion in tax revenue every year. But by adding all the factors, the cost of the Israeli occupation is estimated at just over 43 billion euros over nearly 20 years, says the United Nations Conference on Trade and Development (Unctad) in a report made public this Monday. This corresponds to 30% of the Palestinian GDP.
In a report, the UN has put a number to the cost of occupation in Palestine between 2000 and 2017.
The figure? $ 47.7 billion or 3 times the size of the Palestinian economy in 2017.
But the costs run deeper still 👀➡ ps👀➡ https://t.co/iJtHSKK0ir pic.twitter.com/teYS9H2jBK
Misyef Misyef, of the Palestinian Economic Policy Research Institute, points to the non-compliance with the Paris Protocol, the economic arm of the Oslo Accords: " This is the first report that reports all the lost income in because of the relations established by the Paris Protocol. And there are many problems related to trade, taxes, income in general ... The Palestinian public treasury has suffered a lot of losses. The Paris Protocol must be negotiated, as many aspects are not in effect until today. "
This shortfall perpetuates the fragility of the Palestinian Authority, according to Unctad. It estimates that this 43 billion euros would have allowed the creation of more than 2 million jobs. While nearly 5 million Palestinians live in the Occupied Territories.
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