Israel, UAE sign open market pact into result By Reuters

© Reuters. SUBMIT IMAGE: Flags of United Arab Emirates and Israel flutter throughout Israel’s National Day event at Exposition 2020 Dubai, in Dubai, United Arab Emirates, January 31, 2022. REUTERS/Christopher Pike

JERUSALEM (Reuters) – Israel and the United Arab Emirates on Sunday signed an open market pact into result, decreasing or eliminating tariffs on about 96% of products traded in between the countries, Israel’s Foreign Ministry stated.

The nations initially reached the arrangement last May, assuring to improve bilateral trade after they stabilized incorporate 2020 in a U.S.-brokered offer.

The offer will likewise enable Israeli business to get to federal government tenders in the UAE, the ministry stated.

Israeli Foreign Minister Eli Cohen, who on Sunday offered a last signature for the tariff plan within the trade pact, stated it would “enhance the connection” with the UAE which Israel was working to stabilize ties with more Arab nations.


Like this post? Please share to your friends:
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: