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Obeid said he makes 160 shekels, or about $43 a day, more than twice what he would earn in the area's only Palestinian-owned aluminum factory, which he said has no job openings. Israeli government officials and the Manufacturers Association of Israel have denounced the new law. "Whoever takes such steps is not seeking peace, but rather to continue the conflict," said Silvan Shalom, Israel's minister for regional cooperation. "While Israel is making great efforts to promote and improve the Palestinian economy, this order damages the chances of both economic and political peace." Israeli Prime Minister Benjamin Netanyahu has promoted the idea of "economic peace," including closer economic cooperation with the Palestinians. He has done more than his predecessors to ease restrictions on Palestinian trade and movement, but Palestinians have dismissed Netanyahu's plan as a poor substitute for real independence. The Israeli and West Bank economies are closely intertwined, though in a lopsided relationship. Bilateral trade amounts to about $4 billion a year, but Israel sells far more to the Palestinians than it buys from them. Abu Libdeh says more than $200 million worth of settlement products are sold to Palestinians every year.
[Associated
Press;
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