InternationalWorld Israel signs UAE free trade deal, its first with an Arab state by News Line May 31, 2022 written by News Line May 31, 2022 13 views 13 Israel signs UAE free trade deal, its first with an Arab state According to a report by the foreign news agency Reuters, the agreement was signed after months of negotiations. Mohammed al-Khawaja, the UAE’s ambassador to Israel, called the deal an “unprecedented success.” “Both countries will benefit from faster access to business markets and lower tariffs. The two countries are working together to increase trade, increase employment, develop new capabilities and strengthen cooperation,” he said. UAE Dorian Barak, president of the Israel Business Council, said the trade agreement clarified tax rates, intellectual property and imports, which would encourage Israeli companies to set up offices in the UAE, and Dubai in particular. Crashed plane’s wreckage was found, all the passengers were killed The council predicts that about 1,000 Israeli companies will operate in or around the UAE, South Asia, the Far East and the Middle East. Prior to the signing of the agreement, the Israeli Ministry of Economy said that the agreement would eliminate tariffs on food items, agriculture, cosmetics, medical equipment and medicines. “Together we will end the resistance and promote trade and technology on a large scale. The agreement will pave the way for a stronger common path,” said Israeli Minister of Economy and Industry Orna Barbie. He said that this agreement would help in the welfare of the citizens and ease of doing business. 0 comment 0 FacebookTwitterPinterestEmail News Line Blogger and Content writer previous post Crashed plane’s wreckage was found, all the passengers were killed next post Firing at an American University after school – News Line Related Posts A coal mine fire in southern China’s Guizhou province kills... September 25, 2023 Another Sikh leader of the Khalistan Movement killed in Canada September 21, 2023 Putin to meet Chinese president next month, report September 20, 2023 Bitter meeting of the Canadian High Commissioner in the Indian... September 19, 2023 India could be behind killing of Canadian Sikh Leader: Trudeau September 19, 2023 9 Juvenile Inmates Escape from Pennsylvania’s Abraxas Academy September 18, 2023 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.