Free trade deal signed between Israel and UAE
Israel has signed a free trade deal with the United Arab Emirates on May 31, its first with an Arab country.The agreement helps to increase bilateral trade in goods and services, increase Israeli exports to UAE. It also provides customs exemption immediately or gradually on 96% of trade between the countries.
The UAE was the first Gulf country to normalise ties with Israel and only the third Arab nation to do so after Egypt and Jordan.
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