Dubai (AFP), May 31 – Israel signed a free trade deal with the United Arab Emirates on Tuesday, its first with an Arab country, building on their US-brokered normalisation of diplomatic relations in 2020. Two-way trade between Israel and the UAE last year totalled some $900 million dollars, according to Israeli figures. Talks for a free trade agreement began in November and concluded after four rounds of negotiations. Israel has already struck free trade agreements with other countries and blocs, including the United States, European Union, Canada and Mexico. In February, Israel signed a trade deal with Rabat to designate special industrial zones in Morocco.

Source: Daily Nation May 31, 2022 22:00 UTC