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Israel, UAE Ratify Free-Trade Deal

  • The Emirati minister of state for foreign trade said Sunday that a free trade deal between Israel and the United Arab Emirates has been ratified by both countries.
  • Thani Al Zeyoudi described the Comprehensive Economic Partnership Agreement as a “major step in our foreign trade agenda,” saying it will “eliminate or reduce tariffs on 96% of products, providing a major boost to our industrial and service sectors.”
  • The free-trade deal, Israel first with an Arab country, will impact goods ranging from food and medicine to fertilizers.

 

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