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Palestinian Authority

NPR's Linda Gradstein reports from Ramallah that many Palestinians look forward to reaching a peace agreement with Israel as a way of revitalizing the local economy. They say a peace agreement would attract foreign investors who currently are leery of the region's political instability. Some Palestinian economists also suggest that under a peace agreement, Israel might be convinced to lift tariffs and remove restrictions that prevent goods from travelling between the West Bank and Gaza. Unemployment is high in Palestinian territories and per capita income is much lower than in Israel, a situation that fuels Palestinian anger.

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