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  • 31-05-22

    Israel, UAE sign free trade contract

    (MENAFN) Israel inked a free trade contract with the United Arab Emirates (UAE), the first of its kind with an Arab country, in line with the Israeli Embassy in the UAE.

    "Congratulations," Amir Hayek, the Israeli diplomat to the UAE, tweeted after the inking of the contract.

    On Monday, the Israeli Economy Ministry stated that the contract will be inked in Dubai with a view to improving trade amid both nations.

    Under the agreement, customs responsibilities amid Israel and the UAE are going to be eliminated on 96 percent of goods, as well as food, agriculture, cosmetics, medical equipment and medicine, in line with the declaration.

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