UAE and Israel ratify the Economic Partnership Agreement
The UAE-Israel Free Trade Agreement was signed in May this year.
This year’s trade between Israel and the United Arab Emirates is one hundred and fourteen percent more than last year.
The United Arab Emirates and Israel have ratified the Comprehensive Economic Partnership Agreement signed between the two countries this month.
According to the details, UAE Minister of State for Foreign Trade Sani Al-Zayoudi has said that two billion dollars of trade between Israel and the Emirates has taken place this year. A free trade agreement between the two countries will increase trade and development.
It should be noted that this year’s trade between Israel and the United Arab Emirates is one hundred and fourteen percent more than last year. This progress will be further enhanced by the Free Trade Agreement.
The UAE-Israel Free Trade Agreement was signed in May this year. Ninety-six percent of taxes on commercial goods were reduced or eliminated under the agreement to promote trade.