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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

UAE, Israel Sign Major Trade Pact

UAE Economy Dubai United Arab Emirates United States
Israel signed a free trade agreement with the United Arab Emirates on Tuesday, its first big trade accord with an Arab state. (Reuters)

Israel signed a free trade agreement with the United Arab Emirates on Tuesday, its first big trade accord with an Arab state that reduces or removes tariffs and over time targets lifting annual bilateral trade to more than $10 billion.

The pact was signed in Dubai by Israel's Minister of Economy and Industry Orna Barbivai and her counterpart, UAE Minister of Economy Abdulla bin Touq Al Marri, after months of negotiations.

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