Israel, UAE sign free trade deal


FE Team | Published: May 31, 2022 12:41:15 | Updated: May 31, 2022 17:29:53


Sheikh Mohammed bin Zayed bin Sultan Al Nahyan with Israel's ambassador to the UAE, Amir Hayek. Ambassador Amir Hayek/Twitter

Israel and the United Arab Emirates signed a free trade agreement on Tuesday in Dubai, Israel's ambassador to the UAE, Amir Hayek, said on Twitter, in a move aimed at boosting trade between the two countries, Reuters reports.

"Done," the diplomat said on Twitter, replying to another tweet he posted earlier saying "the UAE and Israel will sign FTA in the next hour."

The UAE and Israel formally established relations in 2020 as part of the US-brokered Abraham Accords that also included Bahrain and Morocco. The trade deal is Israel's first with an Arab country.

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