(JNS) Israeli Finance Minister Moshe Kahlon will meet with Palestinian Authority (PA) Prime Minister Rami Hamdallah in an effort to boost economic cooperation, according to Israeli media reports.

The premise behind the meeting, which would follow a meeting between Kahlon and U.S. Special Representative for International Negotiations Jason Greenblatt, is that the U.S. and Israel believe economic cooperation is a key component of any peaceful coexistence between Israelis and Palestinians. This will be the first meeting between senior Israeli and Palestinian officials in several months. Kahlon will reportedly urge Hamdallah to consider participating in U.S.-brokered peace negotiations.