Dubai (Web Desk) – Israel signed a free trade agreement with the United Arab Emirates on Tuesday, its first big trade accord with an Arab state and a move aimed at boosting trade between the two Middle East nations.
The pact was inked in Dubai after months of accommodations.
” Done,” Israel’s Ambassador to the UAE Amir Hayek said on Twitter, replying to another tweet he posted before saying” the UAE and Israel will subscribe FTA in the coming hour”.
Done ! https://t.co/Z4PCIY9dqt
— Ambassador Amir Hayek (@HayekAmir) May 31, 2022
The UAE Ambassador to Israel, Mohamed Al Khaja, said the agreement was an” unknown achievement”.” Businesses in both
#UAEIsraelCEPA is an unprecedented achievement. Businesses in both countries will benefit from faster access to markets and lower tariffs as our nations work together to increase trade, create jobs, promote new skills and deepen cooperation. Thank you Ohad Cohen for your efforts! pic.twitter.com/NIaLFp30L8
— Mohamed Al Khaja (@AmbAlKhaja) May 31, 2022
countries will profit from faster access to requests and lower tariffs as our nations work together to increase trade, produce jobs, promote new chops and consolidate cooperation,” he added.