Israel Signs Trade Deal with UAE

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Israel has signed a free trade agreement with the United Arab Emirates.

The pact was signed in Dubai by Israel’s Minister of Economy and Industry, Orna Barbivai and UAE’s Minister of Economy, Abdulla al-Marri, after months of negotiations.

President of the UAE-Israel Business Council, Dorian Barak said the trade agreement would encourage more Israeli companies to set up offices in the UAE, particularly in Dubai.

Israel’s Economy Ministry revealed that the accord would remove tariffs on 96% of goods, including food, agriculture, cosmetics, medical equipment and medicine

Written by: bossgmsi

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