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article imagePalestinian demonstrations in Nablus against PA economic policies

By Paul Iddon     Jun 15, 2013 in Politics
Protestors in Nablus in the West Bank have railed against the economic policies of the Palestinian Authority's new Prime Minister Rami Hamdallah.
According to the Jerusalem Post and Ma'an News Agency the dozens of Palestinians who were protesting were protesting against the high cost of living. They demanded that their government, the Palestinian Authority, reduce the high price on essential commodities. They say this is essential for people to meet their basic everyday needs.
This comes after a PA announcement that VAT will be raised by 1% beginning in June. This will in turn lead to an overall increase of 1% in the price of goods. That rise puts the tax rate on goods at about 16%
Apparently the PA raised this tax rate because Israel raised its tax rate to 18%. The demonstrators wanted to put an end to the Paris Protocol, a protocol signed in 1994 that gives Israel sole control over Palestine's external trade and whose stipulations are part of the reason for this increase in tax at a time when many Palestinians cannot even afford the price of basic commodities at current prices.
Dire economic conditions led the Palestinians to protest last September. Today they have once again voiced their grievances by chanting political slogans and burning copies of the Paris Protocol.
More about Palestinians, Palestinian authority, Nablus, Economics
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