Economy
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.
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