Israel and the United Arab Emirates will sign a free trade agreement in Dubai on Tuesday in a move aimed at boosting trade between the two countries, Israel's Economy Ministry said on Monday.
The ministry said customs duties will be eliminated on 96 per cent of products, including food, agriculture, cosmetics, medical equipment and medicine, and includes regulation, customs, services and government procurement.
The UAE and Israel formally established relations in 2020 as part of the US-brokered Abraham Accords that also included Bahrain and Morocco. The trade deal is Israel's first with an Arab country.
Companies reduce product's volume without lowering prices, and increasing them in some cases
Banking system continued to enjoy good level of capitalisation and liquidity
An economist says the readings indicate that the economy "continues to recover strongly from the pandemic"
Healthcare sector one of the biggest beneficiaries of the deal
The UAE has been the third largest export market of India for wheat
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