UAE-Israel trade hits record high to reach $2.56bn in 2022 

Follow-ups -eshrag News:

Mon, 2023-01-23 14:27

RIYADH: Bilateral trade between the UAE and Israel more than doubled in 2022 after the countries signed a free trade agreement in May to reduce tariffs on the majority of goods. 

“Trade in goods (excluding software) between Israel and the UAE reached a new record in 2022 and stands at $2.56 billion compared to $1.22 billion in 2021,” Israel’s Ambassador to the UAE Amir Hayek stated in a tweet.  

He added this is an increase of 109.7 percent, which places the UAE at 16th position out of 126 countries with which Israel trades. 

Main category: 
Business & Economy

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button