Israel has inked its first free trade agreement with an Arab country, with the United Arab Emirates (UAE). The agreement was signed in Dubai by Israel’s Economy and Industry Minister Orna Barbivay and the UAE’s Economy Minister Abdalla Bin Touq Al Marri. According to an official statement released by Israel’s Ministry of Economy and Industry, the comprehensive, significant, and ground-breaking agreement is expected to increase bilateral trade in goods and services, increase Israeli exports to the United Arab Emirates, and provide customs exemption on 96% of trade between the countries: food, agriculture, cosmetics, medical equipment, medication, and more.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
KEY POINTS:
Find More News Related to Agreements
In a groundbreaking announcement, Saudi Arabia's oil behemoth, Aramco, and the international football governing body,…
The Gem & Jewellery Export Promotion Council (GJEPC) announces a significant milestone for India's Gem…
The global fishing industry continues to play a vital role in providing sustenance, employment, and…
The National Institute of Public Finance and Policy (NIPFP) predicts India's GDP growth for the…
The World Day for Safety and Health at Work is an annual international campaign observed…
April 2024 arrives with a roster of significant dates, each carrying its own weight of…