Financial Times FT.com

Industry in Gaza Strip near collapse

By Harvey Morris in Gaza City

Published: August 3 2007 17:26 | Last updated: August 3 2007 17:26

Israeli restrictions on the flow of goods and raw materials in and out of the Gaza Strip since Hamas seized power there in June have forced the closure of most of the territory’s manufacturing sector, say local businessmen.

Four out of five factories have ceased operations, forcing producers to lay off at least 30,000 workers – on whom they say a third of Gazans depend for their livelihoods.

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