▁adopt ▁the ▁Peace ▁Valley ▁plan , ▁which ▁would ▁ent ail ▁promotion ▁of ▁and ▁co operation ▁on ▁economic ▁development ▁for ▁Palest ini ans . ▁However , ▁some ▁news ▁reports ▁indicated ▁there ▁was ▁little ▁chance ▁of ▁movement ▁due ▁to ▁lack ▁of ▁attention ▁by ▁Prime ▁Minister ▁E h ud ▁Ol m ert ▁and ▁the ▁government ▁of ▁Israel . ▁ ▁In ▁his ▁inaug ural ▁speech ▁in ▁July ▁ 2 0 0 7 , ▁Per es ▁mentioned ▁this ▁effort , ▁and ▁assert ed ▁that ▁there ▁was ▁great ▁potential ▁for ▁co operation ▁among ▁Israel , ▁Palest ini ans , ▁and ▁Jordan . ▁He ▁also ▁noted ▁this ▁might ▁mean ▁positive ▁support ▁from ▁Pers ian ▁G ulf ▁states . ▁In ▁August ▁ 2 0 0 7 , ▁Per es ▁met ▁with ▁several ▁Isra eli ▁business men ▁to ▁discuss ▁ways ▁to ▁press ▁the ▁plan ▁forward . ▁Per es ▁stated ▁that ▁the ▁plan ▁might ▁have ▁many ▁positive ▁effects ▁which ▁might ▁help ▁promote ▁peace . ▁ ▁In ▁August ▁ 2 0 0 7 , ▁Foreign ▁Minister s ▁of ▁Israel , ▁Jordan , ▁the ▁Palest in ian ▁Author ity , ▁and ▁Japan ▁met ▁in ▁Jer ich o , ▁and ▁formally ▁agreed ▁to ▁go ▁ahead ▁with ▁this ▁plan . ▁A ▁ceremony ▁took ▁place ▁that ▁month ▁in ▁Jer ich o ▁formally ▁launch ing ▁the ▁project . ▁it ▁was ▁attended ▁by ▁Isra eli ▁Foreign ▁Minister ▁T zip i ▁Liv ni , ▁Palest in ian ▁negoti ator ▁Sa eb ▁E rek at , ▁Japanese ▁Foreign ▁Minister ▁T aro ▁A so ▁and ▁Jordan ian ▁Foreign ▁Minister ▁Abd ul - I