Gaza Strip utilities. The Gaza Strip acquired its current northern and eastern boundaries at the cessation of fighting in the 1948 war, confirmed by the Israel–Egypt Armistice Agreement on 24 February 1949. Article V of the Agreement declared that the demarcation line was not to be an international border. At first the Gaza Strip was officially administered by the All-Palestine Government, established by the Arab League in September 1948. All-Palestine in the Gaza Strip was managed under the military authority of Egypt, functioning as a puppet state, until it officially merged into the United Arab Republic and dissolved in 1959. From the
Gaza Strip a flotilla raid in 2010. The closure has effectively cut off access for exports to traditional markets in Israel, transfers to the West Bank and has severely restricted imports. Exports are now down to 2% of 2007 levels." According to Sara Roy, one senior IDF officer told an UNWRA official in 2015 that Israel's policy towards the Gaza Strip consisted of: "No development, no prosperity, no humanitarian crisis." Economic output in the Gaza Strip declined by about one-third between 1992 and 1996. This downturn was attributed to Israeli closure policies and, to a lesser extent, corruption and mismanagement by Yasser