The Black Economy of Gaza

Discussion in 'World' started by Bharatiya, Nov 16, 2012.

  1. Bharatiya

    Bharatiya New Member

    Most of the trading between Gaza and Egypt takes place through tunnels. It is estimated that the trade volume is around $700 million a year. There are about 1200 tunnels employing over 10,000 people where they smuggle cars, tvs, fridges, food, oil and about 300,000 packets of cigarettes. The construction sector is almost 100% dependent on this tunnel trade route. Recently Egypt reduced the trade, however there cannot be a complete end to it because the trade is enormous and both the ends cannot afford to lose the benefits.
     


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