Israel and the Palestinian Authority agreed to set up a new joint industrial zone.
Israeli President Shimon Peres and Palestinian Authority President Mahmoud Abbas signed an agreement Tuesday under which a joint industrial zone will be created in Tarkumiya, on the West Bank’s boundary with the Jewish state.
The signing ceremony in Ankara was hosted by Turkish President Abdullah Gul.
Peres has long championed economic cooperation as the best way to bring together Israelis and Palestinians. A joint industrial zone in Erez, on the Gaza-Israel boundary, became largely defunct after Hamas Islamists came to power in the Palestinian Authority last year.