‘Historic’: Israel, UAE conclude free trade agreement

israel united arab emirates

(Worthy News) – Economy and Industry Minister Maj.-Gen. (Ret.) Orna Barbivay and the United Arab Emirates (UAE) Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi announced the conclusion of negotiations on a comprehensive bilateral free trade agreement.

The Abraham Accords, which were signed in September 2020, are the basis for diplomatic relations between the State of Israel and the UAE. One year later, in November 2021, negotiations began on a bilateral free trade agreement, which were concluded Friday.

The matter was discussed by Prime Minister Bennett and Crown Prince Mohammed bin Zayed in Abu Dhabi last December, when it was agreed to accelerate contacts ahead of the signing, and at their meeting in Egypt last week, where the leaders agreed on to complete the agreement within days. [ Source: World Israel News (Read More…) ]

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