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Agreement on new 10-year defense aid deal seen as heading for conclusions.
An Iron Dome launcher fires an interceptor rocket in southern Israel. (photo credit:REUTERS)
Protracted negotiations between the US and Israel over a new 10-year aid package are heading for a conclusion, as diplomatic officials said Thursday that acting National Security Council head Yaakov Nagel was making progress on the matter in talks being held in Washington.
Nagel began talks to conclude the deal, known as the Memorandum of Understanding MoU), on Monday. He was accompanied by Maj.-Gen. Amikam Norkin, head of the IDF's Planning Directorate.
The Israeli delegation met with National Security Adviser Susan Rice and top Middle East staffer on the NSC, Yael Lampert.
According to diplomatic officials in Jerusalem, “the US and Israel hope to reach an agreement soon.”
The new MoU will replace the existing 10-year, $30 billion framework set to expire in October, 2017.
The new deal is expected to be worth $38 billion over the next decade, but this sum will also include supplemental aid for missile defense that was not included in the previous agreement, and averaged about $400 million a year.
In addition, while the existing deal allows Israel to convert 26% of the funds into shekels for procurement in Israel, the deal under negotiation now is expected to phase that out, with Israel expected to gradually be required use all the money on purchases inside the US – something expected to have a negative impact on Israel's defense industries.
http://www.jpost.com/Israel-News/Po...o-Israel-soon-diplomatic-officials-say-463201
An Iron Dome launcher fires an interceptor rocket in southern Israel. (photo credit:REUTERS)
Protracted negotiations between the US and Israel over a new 10-year aid package are heading for a conclusion, as diplomatic officials said Thursday that acting National Security Council head Yaakov Nagel was making progress on the matter in talks being held in Washington.
Nagel began talks to conclude the deal, known as the Memorandum of Understanding MoU), on Monday. He was accompanied by Maj.-Gen. Amikam Norkin, head of the IDF's Planning Directorate.
The Israeli delegation met with National Security Adviser Susan Rice and top Middle East staffer on the NSC, Yael Lampert.
According to diplomatic officials in Jerusalem, “the US and Israel hope to reach an agreement soon.”
The new MoU will replace the existing 10-year, $30 billion framework set to expire in October, 2017.
The new deal is expected to be worth $38 billion over the next decade, but this sum will also include supplemental aid for missile defense that was not included in the previous agreement, and averaged about $400 million a year.
In addition, while the existing deal allows Israel to convert 26% of the funds into shekels for procurement in Israel, the deal under negotiation now is expected to phase that out, with Israel expected to gradually be required use all the money on purchases inside the US – something expected to have a negative impact on Israel's defense industries.
http://www.jpost.com/Israel-News/Po...o-Israel-soon-diplomatic-officials-say-463201