Ramallah Hosts Palestinian-US Economic Dialogue

Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
TT

Ramallah Hosts Palestinian-US Economic Dialogue

Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo

The Palestinian and US governments on Sunday announced the start of the US-Palestinian Economic Dialogue (USPED) to discuss current and future areas of economic cooperation.

The dialogue is scheduled to kick off on Monday. It is the fourth organized by the two sides since 2004 and the second under the current US administration.

USPED was interrupted under the Trump administration and then resumed in 2021 for the first time in five years.

A joint statement by the Palestinian and US governments said the economic dialogue is launched in light of US President Joe Biden’s commitment to achieving a two-state solution, including the existence of an independent, sovereign, and geographically connected state of Palestine, with freedom, security and prosperity for all.

USPED sessions will be chaired by Minister of National Economy Khaled al-Osaily on the Palestinian side, and Principal Deputy Assistant Secretary for the Bureau of Economic and Business Affairs at the State Department, Whitney Baird on the US side.

This senior-level dialogue will also bring together a wide range of agencies and ministries from the two governments.

Participants will discuss several crucial issues to advance the economic prosperity of the Palestinian people, increase the dynamism of the productive sectors, especially trade, industry, renewable energy, and financial issues.

They will also review the implementation of previous discussed key topics, including infrastructure development, access to US markets, US regulations, free trade, financial issues, renewable energy and environmental initiatives, connecting Palestinian and American businesses, and addressing obstacles to Palestinian economic development.

This year, the Palestinian government is going through its worst financial crisis since the establishment of the Palestinian Authority due to precipitous decline in foreign aid, Israel’s ongoing deduction of tax revenues, and the repercussions of confronting the COVID-19 pandemic.

In April 2021, Washington announced the Biden Administration's plan to resume various forms of aid to the Palestinians.

The administration provided more than $890 million in aid to the Palestinian people, including humanitarian aid and through UNRWA support.

As for the volume of trade exchange between Palestine and the US, it amounts to about $100 million.



Official: US Forces Accounted for after Reported Rocket Attack in Baghdad

US vehicles are seen in Ain al-Asad airbase in Anbar, Iraq. Reuters file photo
US vehicles are seen in Ain al-Asad airbase in Anbar, Iraq. Reuters file photo
TT

Official: US Forces Accounted for after Reported Rocket Attack in Baghdad

US vehicles are seen in Ain al-Asad airbase in Anbar, Iraq. Reuters file photo
US vehicles are seen in Ain al-Asad airbase in Anbar, Iraq. Reuters file photo

Multiple Katyusha rockets were fired near Baghdad International Airport, two Iraqi military officials told Reuters early on Tuesday, but a US official disputed reports that US military forces were targeted in the incident.

"All military personnel are accounted for and military forces were not targeted as had been reported," the US defense official told Reuters, speaking on condition of anonymity.

The incident was a reminder of the soaring tensions in the Middle East, as speculation swirled about whether Iran and Iran-backed groups would make good on threats to retaliate after a series of Israeli major blows against Lebanon's Hezbollah.

Two Iraqi security sources said an initial investigation showed three rockets were fired, including one that landed near buildings used by Iraqi counter-terrorism forces, causing damages and fire to some vehicles but no casualties.

The sources had previously said at least two Katyusha rockets were also fired at a military base hosting US forces and that air defenses intercepted the rockets.

But the US official said Washington was aware of reports of an attack instead on the Baghdad Diplomatic Support Complex, which is a Department of State facility.

"For details about the incident we refer you to the State Department," the official said.

A US Department of State is assessing the damage caused by the attack, according to a spokesperson, who said there were no casualties.