Diamonds account for more than half of the trade between the UAE and Israel, said Economy Ministry official. By David Isaac, JNS.orgIt was the fastest free-trade agreement negotiated in Israel’s history. There’s direct trade between Israel and the UAE, and then there’s the fact that the UAE acts as an international transit hub for multinational companies, he said. But the products of those multinationals aren’t covered under the free-trade agreement. In other words, South Korean TVs that pass through the UAE to Israel will not enjoy the zero custom duties that UAE products will under the agreement.

Source: Ethiopian News June 05, 2022 19:54 UTC