Jerusalem Report logo small (credit: JPOST STAFF)
Jerusalem Report logo small (credit: JPOST STAFF)

FREE TRADE

Israel and the UAE signed a free trade agreement on May 31, the first such deal between the Jewish state and an Arab country. It was inked in Dubai by Emirati Economy Minister Abdulla bin Touq Al-Marri and Israel’s Economy Minister Orna Barbivai as bilateral trade generated an estimated $2.5 billion in the less than two years since the US-brokered Abraham Accords. Barbivai hailed the historic importance of the FTA, voicing hope that it will serve as “an inspiration for the region.” Marri said the deal “will create a new paradigm in the region... accelerate economic growth and strengthen the common belief that the only way to build sustainable economies in a complex world is together.”

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