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Wednesday, September 23 9:30 a.m.
Tuesday, September 28
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Israel Recommends Plan
For Business In Territories
T
he Treasury steering
committee on economic
relations under auton-
omy will recommend
keeping open borders to
goods and limits on workers
from the territories, allow-
ing the Palestinians to tax
income produced in the ter-
ritories, including that of
Israelis, and permitting an
independent currency.
An official close to the
economic negotiations with
the Palestinians said the
recommendations offer a
broad framework which will
require painstaking negotia-
tions to work out the
details.
"It's a wonderful economic
model which fails to provide
concrete answers to the spe-
cific issues that will arise.
Those issues will be dealt
with as the process moves
along," the official
explained.
The committee headed by
Finance Ministry Director-
General Aharon Fogel
worked under the assump-
tion that the borders
between the autonomous
entity and the country
would be open to goods and
means of production, or,
alternatively, to preferred
goods from both sides' per-
spective.
The committee proposes
either to increase the num-
ber of workers from the ter-
ritories to 100,000 or to ini-
tially keep their number to
60,000 and gradually reduce
it to 40,000.
The existence of free
trade will require uniform
customs regulations. A
trade agreement with
Jordan will be necessary
and will require limits on
imports in cases where
Jordanian customs differ
significantly from local cus-
toms.
The committee empha-
sizes that the free passage
of goods replaces the free
movement of labor. The
committee recommends
implementing identical
import taxes as a necessary
condition to the free-trade
zone.
The authorities in the ter-
ritories will set individual
income and company taxes,
property taxes, and licens-
ing fees independently. The
committee recommends that
income produced in Israel,
whether from Israelis or
from territories' residents,
be subject to Israeli income
taxes.
Similarly, the territories'
tax authorities will be able
to tax the income produced
by territories' residents in
Israel and that of Israeli
residents' produced in the
territories.
The committee proposes
to maintain the status quo
regarding legal tender in
the territories.
The committee supports
the establishment of a
banking system O
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Roads To Link
Arab, Israel Ports
H
ighways connecting
the Arab villages of
Damascus, Amman,
and Beirut to the
Israeli ports of Ashdod and
Haifa are being planned for
the autonomy era, Israel
Housing Minister Binyamin
Ben-Eliezer said last week.
The highways, dubbed
"the roads of peace," will be
financed either by the inter-
national community or as a
joint venture between the
states through which they
will pass, he said.
"We must move forward
with the dramatic develop-
ments around us and be
alert to the changes which
they dictate, into the
future," he added.
In June, months before
the Gaza/Jericho plan was
revealed, the "peace roads,"
which will serve as outlets
to the world for the Arab
countries',merchandise, will
transform Israel from a
state marked by north-
south roads to a country of
east-west highways.
Major investment from
now on will be directed to
East-West routes rather
than North-South routes, to
provide for the enormous
traffic expected to be using
the country's Mediter-
ranean ports.
The planned highways
will turn Haifa and Ashdod
into the biggest and most
important ports in the
Middle East.
All along the "peace
roads," he said, "motels, gas
stations, shopping malls,
and restaurants will spring
up, bringing an economic
boom and prosperity to all
the towns along them."
The routes for the high-
ways of the future already
exist, Mr. Ben-Eliezer said,
adding, "but until now the
security forces used them in
times of war." 0