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ISRAEL SIGNS FREE-TRADE AGREEMENT WITH U.A.E. IN FIRST OF ITS KIND DEAL WITH
ARAB STATE
DEAL IS ONE OF THE MOST TANGIBLE SIGNS OF ISRAEL’S GROWING TIES WITH ARAB
COUNTRIES
U.S., Israel, U.A.E., Bahrain Sign ‘Abraham’ Peace Accords
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U.S., Israel, U.A.E., Bahrain Sign ‘Abraham’ Peace AccordsPlay video: U.S.,
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Former President Trump presided over the signing of a Middle East peace
agreement between Israel, the United Arab Emirates and Bahrain. Photo: Alex
Brandon/Associated Press
By
Dov Lieber
Updated May 31, 2022 11:53 am ET
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TEL AVIV—Israel and the United Arab Emirates signed a first-of-its-kind
comprehensive free-trade agreement between Israel and an Arab country, boosting
business ties less than two years after they established formal diplomatic
relations in a U.S.-brokered deal.
The agreement, signed Tuesday in Dubai by the Israeli economy minister and the
Emirati minister of state for foreign trade, will cover 96% of bilateral trade,
which amounts to about $1 billion. Officials said the agreement would help trade
grow to more than $10 billion within five years.
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