Israel says UAE free trade deal to take effect April 1

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Signed in May 2022, the free trade deal is the first of its kind between Israel and an Arab country. Read more at straitstimes.com.

JERUSALEM - Israel and the United Arab Emirates on Sunday signed a customs agreement, Israeli officials said, the final step of a free trade deal inked after the two countries normalised ties.

A statement from the Israeli foreign ministry said the free trade deal would see customs duties “lowered or cancelled on approximately 96 per cent of goods and will allow Israeli companies to gain access to UAE government tenders”. The UAE and Israel signed in Sept 2020 a US-brokered deal establishing ties between the two countries, part of a series of deals with Arab countries that became known as the Abraham Accords.

 

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