UAE-Israel Comprehensive Economic Partnership Agreement signed to enhance trade relations The ceremony was held in Dubai. The agreement was signed by Finance Minister Abdullah bin Tawk and Israeli Minister of Economy and Industry Major General Orna Barbive.
The agreement promises great economic benefits to both countries. In addition, the relationship between the two countries will be further strengthened. You can achieve great things in business. This year, the UAE This is the second comprehensive financial partnership agreement to be signed.
Under the new agreement, customs duties on 96 per cent of products, including medicines, agriculture and food, will be waived. Officials have already said the companies will pay more in the UAE. The company aims to reach Rs 1 lakh crore in business transactions within 10 years. By 2030, the total UAE Exports are expected to increase by half a per cent.
Read Also: UAE announces fuel prices for June; Petrol and diesel prices have gone up
Relations with Israel have been strained by the UAE since the signing of the Abraham Treaty in September 2020. Strengthened. This is the first time Israel has signed a free trade agreement with an Arab country.
Story Highlights: Israel signs historic trade deal with UAE
Subscribe to our ചാന ചാന YouTube Channel കാണാൻ to watch Twentyfour News, ഗ Augmented Reality Packages and Explainer in detail anytime, anywhere in the world