News dalla rete ITA

25 Novembre 2021

Israele

ISRAEL, UAE BEGIN TALKS ON FREE-TRADE AGREEMENT

Israel's Economy and Industry Minister Orna Barbivai met with her Emirati colleague, Abdulla bin Touq Al Mari to launch talks for a deal that will significantly boost trade.Israel and the UAE began talks for establishing a free-trade agreement when Israel’s Economy and Industry minister, Orna Barbivai, met her Emirati colleague, Abdulla bin Touq Al Mari, to launch discussionsSince the Abraham Accords were signed in September 2020 normalizing relations between Israel and the UAE, trade between the two countries has increased dramatically. While trade between the two was about $125 million in 2020, that figure reached nearly $500m. in the first seven months of 2021.The Foreign Trade Administration anticipates that these figures can continue to grow at a rapid pace and reach much higher levels.Some have estimated that trade will exceed $1 billion this year and reach $3b. within three years. That does not include direct foreign investment between the two countries, which will likely reach tens of billions of dollars. (ICE TEL AVIV)


Fonte notizia: jerusalem post