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UK Supports Economic Development in Palestine through Infrastructure Development and Sector Reform
The UK has announced its support for the Office of the Quartet (OQ) in promoting economic development in Palestine, focusing on infrastructure development and sector reform. The OQ will provide technical assistance to Palestinian and Israeli officials and politicians to agree on actions that promote economic growth.
Trade Facilitation Programme Launched
The UK has also launched a Trade Facilitation and Customs Programme aimed at increasing Palestinian exports by improving the movement of goods and increasing the capacity of trade-related institutions and private firms. The programme is implemented by Cowatersogema International Inc.
Palestinian Business Community Boasts High Entrepreneurial Spirit
Despite challenges, the Palestinian business community is highly entrepreneurial, with businesses striving for professionalism and product quality. Large enterprises have global partnerships, and the labour force is well-educated, multilingual, and equipped to succeed in international markets. Donor-funded credit guarantee facilities and political risk insurance schemes mitigate risks.
Agreements with EU and UK
The Palestinian Authority has concluded an Interim Association Agreement on Trade and Cooperation with the European Union (EU) in 1997, providing duty-free access to EU markets for Palestinian industrial goods. An agreement for further liberalization of agricultural products was signed in 2012. The UK and PA have also signed a Political, Trade, and Partnership Agreement that has entered into force on January 1, 2021.
Human Rights
The Palestinian Basic Law protects key rights in the sphere of work, including the right to form trade unions and strike. However, the Labour Law requires amendment to raise the minimum age of work from 15 to 16 years.
Bribery and Corruption
Bribery is illegal in Palestine, and the PA has made efforts to strengthen its legal framework against corruption. Institutions have been created to combat corruption, but nepotism remains a challenge.
Security Risks
Travel advisories warn of significant security risks, particularly in Gaza, where all travel is advised against by the Foreign, Commonwealth & Development Office (FCDO).
Organised Crime
While serious organised crime is limited in the West Bank, there are reports of vehicle thefts and drug-related issues.
Intellectual Property
The PA does not have a modern Intellectual Property Protection Law, and intellectual property rights are governed by separate jurisdictions. Businesses are advised to file separate applications for each class of goods and services in each jurisdiction.
Contact Information
For more information on doing business in Palestine, contact the British Consulate General Jerusalem’s Trade Section:
Email: britain.jerusalem@fcdo.gov.uk Phone: +972-2-5414151 Home: https://www.gov.uk/world/organisations/british-consulate-general-jerusalem