Israel to let Turkey transfer funds to Gaza banks

Israel and Turkey Photo: Ariel Jerozolimski

Only funding for activities approved by Israel and the Palestinian Authority will be allowed.

Israel will allow Turkey to transfer funds to banks in the Gaza strip if activities are approved by Israel and the Palestinian Authority. This was revealed today as part of the Israel-Turkey reconciliation accord signed last week in the State's response to a High Court of Justice petition filed by bereaved families and right-wing activists.

The wording of the agreement, signed by Ministry of Foreign Affairs director general Dore Gold and approved by the security cabinet, reveals details hitherto undisclosed by the Israeli government. Among other things, it is explicitly written in the documents that Israel has committed to transfer $20 million to Turkey to compensate the bereaved families from the Mave Marmara Gaza flotilla incident in 2010.

Under the terms of the agreement, the compensation will be made only by Turkey and in exchange the families of those who died in the Gaza flotilla will not be allowed to sue Israel. If however there are suits filed against Israel officers, Ankara is committed to fiancé legal handling of the matter.

The documents also say that transfer of funds to Gaza banks will be carried out with Israel's security considerations in mind. Turkey will also build a desalination plant in Gaza, with Israel's blessing as well as a power station.

Published by Globes [online], Israel business news - www.globes-online.com - on July 4, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Israel and Turkey Photo: Ariel Jerozolimski
Israel and Turkey Photo: Ariel Jerozolimski
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018