The main objective of establishing the Union is to agree on the economic and social interests of the businessmen in the homeland and in all diaspora countries in order to serve their interests in the countries where they reside and the Palestinian national interest to bring investments into the Palestinian territories as a priority. As well as cooperation with businessmen in the countries where they reside, establishing partnerships for investment and development in areas and sectors of interest to either side, and establishing relations and partnerships among the members of the Union and cooperation in the fields of import and export and joint investment.
In addition, the PFBA has other general objectives:
1. Compile and maximize the capabilities and expertise of the Palestinian business community at home
2. Enhancing the role of the associations that established the Union and the new members in achieving their objectives in a fundamental way and protecting the interests of Palestinian business owners and private sector wherever they exist.
3. Developing the Palestinian economy towards independence and free economy.
4. Represent all members affiliated with the public and private sectors inside and outside the homeland
5. Continuous coordination and cooperation between the founding societies of the Union
6. Issuing uniform official cards for businessmen affiliated as members of associations in the name of the Union.
