Israel, UAE sign free trade pact into effect

Posted on AllSides March 26th, 2023
From The Center

JERUSALEM, March 26 (Reuters) - Israel and the United Arab Emirates on Sunday signed a free trade pact into effect, reducing or removing tariffs on about 96% of goods traded between the nations, Israel's Foreign Ministry said. The countries first reached the agreement last May, promising to boost bilateral trade after they normalized ties in 2020 in a U.S.-brokered deal. The deal will also allow Israeli companies to gain access to government tenders in the UAE, the ministry said. Israeli Foreign Minister Eli Cohen, who on Sunday gave a final...

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