Fayyad, Ashton Sign €7M Agreement for Area C Development

BRUSSELS, 19 March 2013 (WAFA) – Prime Minister Salam Fayyad and EU High Representative Catherine Ashton signed a €7 million financing agreement to support development projects in area C, said a European Union press release on Tuesday.

Fayyad and Ashton adopted an Action Policy Plan between Palestine and the EU. Ashton said that the Action Plan is a result of “a shared commitment to deepen our bilateral relations and strengthen our privileged partnership.”

Fayyad and Ashton discussed how to put into practice the shared objectives of this plan, and in particular “the objective to launch agreement for a fully-fledged Association Agreement.”

“This plan is about working towards sustainable economic development, about achieving fiscal consolidation and enhancing social cohesion throughout Palestine. It is also about focusing our efforts on East Jerusalem, the Gaza Strip and Area C,” said Ashton.

She stated that the agreement aims to support the Palestinian presence and promote social and economic development in Area C, “which we all know is of crucial importance for the economic viability of Palestine.”

Source: WAFA News