UAE, Israel Sign Trade Agreement
The United Arab Emirates and Israel recently signed an economic and trade deal following the normalization of relations between the two countries last year (see 2106070068), the Hong Kong Trade Development Council reported July 9. Under the agreement, signed June…
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29, both countries will allow the “free flow of goods and services,” promote more industry collaboration and find ways to improve trade and eliminate trade barriers, HKTDC said. The deal will be in effect for five years once it’s ratified, then automatically renewable for consecutive five-year periods.