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
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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.



Israel Ready to Negotiate Permanent Gaza Ceasefire during 60-day Truce, Netanyahu Says

09 July 2025, US, Washington: Israeli Prime Minister Benjamin Netanyahu speaking with the press at the US Capitol in Washington. Photo: Douglas Christian/ZUMA Press Wire/dpa
09 July 2025, US, Washington: Israeli Prime Minister Benjamin Netanyahu speaking with the press at the US Capitol in Washington. Photo: Douglas Christian/ZUMA Press Wire/dpa
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Israel Ready to Negotiate Permanent Gaza Ceasefire during 60-day Truce, Netanyahu Says

09 July 2025, US, Washington: Israeli Prime Minister Benjamin Netanyahu speaking with the press at the US Capitol in Washington. Photo: Douglas Christian/ZUMA Press Wire/dpa
09 July 2025, US, Washington: Israeli Prime Minister Benjamin Netanyahu speaking with the press at the US Capitol in Washington. Photo: Douglas Christian/ZUMA Press Wire/dpa

Israeli Prime Minister Benjamin Netanyahu said Israel will likely have a ceasefire agreement with Hamas to release more Israeli hostages held by the Palestinian group. 

Netanyahu said 50 hostages were still being held captive by Hamas. Of that figure, he said, only 20 are believed to be alive. 

"I want to take them all out. We now have a deal that supposedly will get half of the living and half of the dead out," Netanyahu said in an interview on Newsmax show "The Record with Greta Van Susteren" that aired on Thursday. 

"And so we'll have 10 living left and about 12 deceased hostages, but I'll get them out, too. I hope we can complete it in a few days." 

On October 7, 2023, Hamas attacked southern Israel, killing about 1,200 people and taking 251 hostages, according to Israeli figures. Israel's retaliation has killed more than 57,000 Palestinians, Gaza's health ministry says, and reduced much of Gaza to rubble. 

The two sides have had two ceasefires - one in November 2023 and another in January 2025- since the fighting started. 

Netanyahu said Israel and Hamas will likely have a 60-day ceasefire, which the two sides could use to try to end the conflict. 

Hamas said on Wednesday there were several sticking points in the ongoing ceasefire talks including the flow of aid, withdrawal of Israeli forces from the Gaza Strip, and "genuine guarantees for a permanent ceasefire." 

Netanyahu's interview with Newsmax comes as he wraps his third visit to Washington since President Donald Trump took office in January. 

Speaking of Trump, the Israeli leader said his country has never had "such a friend, such a support of Israel, the Jewish state in the White House." 

Last month, the US joined Israel in striking Iran, a move that Trump has said "obliterated" three of Iran's nuclear sites. 

When asked about a damage assessment, Netanyahu said, "Within months, they could have produced atomic bombs."