Israel-UAE Reap the Benefits of Normalization Through Economic Understanding. | Linkedin

It has been over a year since the UAE and Israel decided to normalize their relations and the economic impact has been extremely positive to date. Since its establishment, economic growth, cultural exchange, and political cooperation between the two countries have flourished. High-level trade delegations are exploring promising opportunities for trade and investment, including in the healthcare, aviation, agriculture, education, telecommunications, energy, technology, and tourism sectors. There have been numerous agreements signed between the governments but also there is an increase in cooperation between Israeli and Emirati businesses and organizations as just recently negotiations between Israel and the UAE for a Free Trade Agreement kicked off. An FTA between Israel and the UAE will lead to continuing cooperation on issues relating to trade in goods including regulation and standardization, customs, trade in services, government procurement, e-commerce, and the protection of intellectual property rights.