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Israel and the UAE signed the first Arab free trade deal

Israel and the UAE signed the first Arab free trade deal – Israel signed a free trade deal with the United Arab Emirates, its first with an Arab country on May 31st, 2022.

  • the first Arab free trade deal between Israel and the United Arab Emirates will benefit from faster access to markets and lower tariffs as our nations work together to increase trade, create jobs, promote new skills and deepen cooperation.
  • The deal will help in increasing bilateral trade in goods and services, increase Israeli exports to the United Arab Emirates, and will also provide customs exemption on 96% of trade between the countries: food, agriculture, cosmetics, medical equipment, medication, and more.

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