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Israel, US Reach Aid Deal

PM Netanyahu and President Obama in White House (Photo: White House/Pete Souza)

The long-awaited aid deal between the United States and Israel has at last been approved. The Times of Israel's Raphael Ahren writes that Jerusalem is sending a senior Israeli defense official to finalize the agreement between the two allies in Washington, D.C.:

Israel and the US have agreed on two key sticking points in drawn-out negotiations for a 10-year American aid package, while Prime Minister Benjamin Netanyahu dispatched a senior defense official to Washington to finalize the agreement expected to be signed soon.

The new aid deal is set to come into effect in 2018, when the current one expires.

According to the Ynet news website, Israel will not request supplemental funding for the entire 10 years, and in the final half of the decade, will incrementally increase the amount it spends in the US per annum, until the entire amount of aid is being invested in the American domestic market.

Brigadier General (res.) Yaakov Nagel, the acting head of the National Security Council, set off for the US on Sunday, and will meet with his American counterparts to work on the final draft the new memorandum of understanding (MOU).

Tags: US-Israel Relations

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