The Economic Partnership Agreement between the United Arab Emirates (UAE) and Israel will come into effect on April 1.
According to media reports, the Ministry of Economy of the United Arab Emirates said in the announcement that there is a plan to increase the trade between the Emirates and Israel to 10 billion US dollars in the next 5 years.
96 products from UAE and Israel will have tax reduction or tax exemption in trade. The Economic Partnership Agreement was signed on May 31, 2022.
According to the UAE Ministry of Economy, unnecessary obstacles in the trade agreement will be removed.
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