The Peres Centre for Peace has launched a new project that fosters business ties between Israeli and Palestinian business people in the handicrafts, garment and textiles, and food sectors. A 458,000 Euro grant from the European Union funds 80% of the project expenditure until 2014.
http://www.peres-center.org/news_jun_2012_partners_peace
http://eeas.europa.eu/delegations/israel/projects/list_of_projects/260306_en.htm