Israel, UAE to Sign Free Trade Deal on Tuesday
YERUSHALAYIM (Reuters) – 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.
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