JERUSALEM — The Palestinian Authority will restore ties with Israel that it severed in May over Israel's planned annexation of parts of the occupied West Bank, a move that will allow it to receive much-needed tax revenues that Israel collects on its behalf, Palestinian officials said Tuesday.
The move to restore ties likely reflects the Palestinians' hope that President Donald Trump's election defeat spells the end of his administration's Mideast policies, which overwhelmingly favored Israel and weakened and isolated the Palestinian Authority.
The Palestinians hope for a fresh start under President-elect Joe Biden, who has pledged to restore U.S. aid and push for a return to negotiations over a two-state solution to the decades-old conflict.
Hussein al-Sheikh, a senior Palestinian official and close aide to President Mahmoud Abbas, tweeted that "the relationship with Israel will return to how it was" following "official written and oral letters we received" confirming Israel's commitment to past agreements.
Abbas announced in May that the Palestinians would no longer be bound by any past agreements signed with Israel or the U.S. and would suspend all coordination with Israel, including cooperation on security matters.
The move came as Israel was preparing to annex up to a third of the West Bank, including all of its far-flung settlements, as part of Trump's Mideast plan. Annexation was put on hold in August when the United Arab Emirates agreed to normalize relations with Israel, but Israeli Prime Minister Benjamin Netanyahu said the pause was only temporary.
There was no immediate comment from Israel on the restoration of ties.
The decision to restore ties will pave the way for the resumption of hundreds of millions of dollars in taxes that Israel collects on behalf of the Palestinian Authority, which administers parts of the occupied West Bank. The loss of the tax revenues had severely strained the PA's finances, forcing it to drastically cut the salaries of civil servants even amid the coronavirus pandemic.