Israel, United Arab Emirates to sign free trade deal on Tuesday- Israel econ ministry

Reuters

JERUSALEM – Israel and the United Arab Emirates (UAE) will sign a free trade agreement in Dubai on Tuesday in a move aimed at boosting trade between the two countries, Israel’s Economy Ministry said on Monday.

The ministry said customs duties will be eliminated on 96% of products, including food, agriculture, cosmetics, medical equipment and medicine, and includes regulation, customs, services and government procurement.

The UAE and Israel formally established relations in 2020 as part of the U.S.-brokered Abraham Accords that also included Bahrain and Morocco. The trade deal is Israel’s first with an Arab country.

(Reporting by Steven Scheer; Editing by Toby Chopra)

tagreuters.com2022binary_LYNXMPEI4T0A3-BASEIMAGE


You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.