UAE Minister of State for Foreign Trade Sani ez-Zeyudi made a statement on the deal on his Twitter account and shared photos of the signing ceremony held at a hotel in Jerusalem.

The agreement was signed by UAE Minister Zeyudi and Israel’s Minister of Economy Orna Barbivai.

Zeyudi stated that with the UAE-Israel Comprehensive Economic Partnership Agreement approved by the governments of the two countries, taxes on 96 percent of products will be eliminated or reduced, which will give a great boost to the industry sectors and services.

Zeyudi stated that non-oil foreign trade between his country and Israel increased by 114 percent in the first 9 months of 2022 and reached 2 billion dollars. He stressed that he will reinforce this breakthrough in trade by increasing opportunities for cooperation in the fields of renewable energy, advanced technology and food safety. (AA)