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Palestinians rejected the economic sanctions by Israel

Apr 14, 2014 16:47 IST

Palestinians rejected the economic sanctions against the Palestinian National Authority (PNA) and threatened to halt security coordination with Israel if Israelis imposed it. The two countries are involved in peace talks (supported by US) which will conclude in April 2014. Till now, there is no remarkable progress in the peace talks.

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Demands by Palestinians

  • The Palestinian negotiation team refused to extend the peace talks, unless Israel agrees to release the final batch of Palestinian prisoners.
  • They also demanded a halt of Israeli settlement construction.

Why Israel imposed ban

Israel had earlier insisted that the Palestine should stop its bid to join United Nations agencies and international Organisations but Palestine had rejected this demand.

Sanctions by Israel

  • Israel on 10 April 2014 announced to freeze the tax revenues that it collects from goods import on behalf of the Palestinians. The tax exceeds $1 billion each year. The sanctions came one day after the announcement of United Nations that it had accepted the Palestinian request to join a number of its agencies and treaties.
  • Israel decided to suspend its participation with the Palestinians in developing a gas field off the Gaza Strip shore.

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Read more Current Affairs on: Israel , Palestine , Economic sanctions

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