Israeli Foreign Minister Eli Cohen and United Arab Emirates Ambassador to Israel Mohamed Al Khaja signed a customs deal on Sunday that paves the way for the countries’ free-trade agreement to enter into force.
“The taking effect of the free-trade agreement is important news for the Israeli economy, for the strengthening of ties with the UAE and is further testament to the importance of the Abraham Accords,” said Cohen in reference to the Trump administration-brokered agreements that normalized Jerusalem’s relations with four Arab nations.
The May 2022 free-trade agreement was the fastest-ever negotiated in Israel’s history, signed in Dubai some 18 months after the countries established diplomatic relations. The agreement removes tariffs on 96% of goods traded, ranging from food to jewelry to medical equipment. Other benefits include protection of intellectual property and, new to free-trade agreements, a promise to find ways for small and medium-sized businesses to profit from “commercial opportunities granted by the agreement.”
This year, we want to do more to bless Israel and the Jewish people.
We know that as we bless Israel this year, God will bless us, just as He promised in Genesis 12:3, “I will bless those who bless you, and whoever curses you I will curse; and all peoples on earth will be blessed through you.” Now is the time to bless Israel and the Jewish people.