Israel Inflicts Substantial Losses on Palestinian Economy: Report

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Last updated at: (Beijing Time) Tuesday, April 02, 2002

Israel Inflicts Substantial Losses on Palestinian Economy: Report

Israel has inflicted substantial losses exceeding 8 billion U.S. dollars on the Palestinian economy, according to a report of the Organization of Islamic Conference (OIC).

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Israel has inflicted substantial losses exceeding 8 billion U.S. dollars on the Palestinian economy, according to a report of the Organization of Islamic Conference (OIC).

The amount lost was the result of Israel's destruction of the Palestinian economic infrastructure, institutions, agricultural land and services and the stoppage of working facilities and public life, said the report tabled by OIC secretary-general Abdelouahed Belkeziz at the on-going extraordinary session of OIC Foreign Ministers on Terrorism here Monday.

On top of that, Israel continued to hold back around 1 billion dollars in taxes and custom duties due to the Palestinian National Authority, the report said.

The report said that Israel continued to escalate its attacks with its forces deliberately destroying the Palestinian infrastructure, bulldozing and vandalizing water, electricity and drainage networks.

The report said Israel had wrecked the Gaza International Airport runways on several occasions, destroyed private helicopters of Palestinian President Yasser Arafat, bombarding Arafat's offices in Gaza, Nabuls, Bethlehem and Ramallah.

The Israelis also interfered in the religious affairs of Palestinian Christian groups including persistent attempts to steal the endowment lands owned by Palestinian Christian churches, it said.

The Israelis' aggression had been waged hand-in-hand with blatant violations of human rights and scandalous breaches of international covenants and agreements, particularly the Fourth Geneva Convention on the Protection of Civilians in Times of War and the Third Geneva Convention on the Rights of Prisoners and Detainees, the report added.

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