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Israel has signed its first free trade deal with which Arab country?
A)
UAE
B)
Oman
C)
Qatar
D)
Saudi Arabia

Correct Answer : Option (A) - UAE


Israel on Tuesday(31st May 2022) signed a free trade agreement with the United Arab Emirates (UAE), its first such deal with an Arab state.
 
Israel Minister of Economy and Industry Orna Barbivay and the UAE Minister of Economy Abdalla Bin Touq Al Marri signed the agreement in Dubai.
 
The agreement, which is comprehensive, significant, and ground-breaking, is expected to increase bilateral trade in goods and services, increase Israeli exports to the United Arab Emirates and provide customs exemption immediately or gradually on 96 per cent of trade between the countries: food, agriculture, cosmetics, medical equipment, medication and more, according to an official statement released by the Ministry of Economy and Industry, Israel..

Source : The Prinnt

Published On : June 1, 2022
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