Israel, UAE ink ‘groundbreaking’ free trade deal, in 1st with Arab state


israel united arab emirates(Worthy News) – Israel and the United Arab Emirates signed a comprehensive, “groundbreaking” free trade agreement on Tuesday in a bid to boost economic ties between the two countries, as trade hit about $2.5 billion in the less than two years since the US-brokered Abraham Accords were inked, according to recent estimates.

Israeli Minister of Economy and Industry Orna Barbivai was in Dubai Tuesday morning to sign the agreement with Emirati Minister of Economy Abdulla bin Touq Al-Marri, who last year said that the UAE hopes to generate over a $1 trillion in trade with Israel over the next decade.

The terms of the agreement were finalized last month in Jerusalem with Emirati Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi. [ Source: Times of Israel (Read More…) ]

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