المستخلص: |
The present report discusses the main part of the Paris Protocol, which represents the economic side of the Oslo Peace Accord signed in 1993 between the Palestinians and the Israelis. Enormous connections were made between unequal economies, making one of them subordinate to the other in commercial, financial and monetary terms. The report explores major articles and practices of the agreement, which negatively affects the structure and performance of the Palestinian economy in 4 aspects: employment, trade relations, financial matters and monetary arrangements. The protocol has aggravated unemployment, thus decreasing Palestinians' standards of living since the Oslo accord. It has also opened the Palestinian market before the Israeli economy, while isolating that of the Palestinians from other Arab economies. In addition, the Israeli authorities have got a powerful economic tool by introducing new tax-collection mechanisms. Moreover, the protocol imposes a high level of tax compared to income per capita in the Palestinian territories. Furthermore, a monetary institution has been established but without independent economic policies or currency. All the above would
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