November 15, 2018
On November 11, the Japan International Cooperation Agency (JICA) signed a Record of Discussions with the Palestinian Authority in Ramallah for the Project for Industrial Promotion, a technical cooperation for development planning.
On the basis of the Corridor for Peace and Prosperity  concept advocated by the Government of Japan, the project aims to support sustainable development in Palestine by promoting the development of Jericho Agro Industrial Park (JAIP) and enhancing the business management capabilities of micro, small and medium-sized enterprises in Palestine.
Details for the project are provided below.
|Project title||The Industrial Promotion Project|
|Planned implementation period||March 2019 to March 2022|
|Executing agency||Ministry of National Economy; Palestinian Industrial Estates and Free Zones Authority; Federation of Palestinian Chambers of Commerce, Industry, and Agriculture; Palestinian Federation of Industries|
|Target region||Ramallah, Jerusalem, Jericho|
|Specific project details (provisional)||The project aims to increase investments to the JAIP by: 1) reviewing the legal framework governing industrial zones, 2) reviewing and advancing agricultural and industrial zones in Jericho and developer business plans, and 3) developing a business advisory service system for micro, small and medium-sized enterprises.|
1: The Corridor for Peace and Prosperity is a mid- to long-term initiative with the aims of promoting socioeconomic development in the Jordan Valley area through regional cooperation among the four parties of Japan, Israel, Palestine and Jordan and of promoting the economic independence of Palestine. The initiative was announced by former Prime Minister Junichiro Koizumi during a 2006 visit to Palestine.