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Palestinian exporters sign risk insurance deal with US
AP BETHLEHEM West Bank Published in The Saudi Gazette on 23 - 05 - 2008

A US government agency and a Palestinian insurance company will offer risk insurance to Palestinian exporters.
The agreement between the OPIC agency and the National Insurance Co. was signed Thursday at a West Bank business conference meant to encourage investment in the Palestinian areas.
The Palestinian economy has been severely hampered by Israeli restrictions on Palestinian trade imposed after the outbreak of a Palestinian uprising in 2000. Delays at checkpoints often make it difficult for Palestinian exports to deliver their goods on time.
The new risk insurance program offers exporters up to $75,000 (¤48,000) per claim. The Palestinian insurance company pays the first $10,000 (¤6,300) of a claim, and OPIC and another partner cover the rest.

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