Israel, UAE to Sign Free Trade Deal on Tuesday

The flags of the U.S., United Arab Emirates, Israel and Bahrain seen on the side of a road in Netanya. (Flash90)

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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