Israel: Our trade with the UAE exceeds one billion dollars

Israeli President Isaac Herzog revealed today, Monday, that the volume of Tel Aviv’s trade with Abu Dhabi now amounts to more than one billion dollars, Anadolu Agency reported.

Herzog – who is on the first visit of an Israeli president to the UAE – added that the Abraham Accords were a decision aimed at shaping a new future for the UAE, Israel and the entire region.

According to Emirati media, the Israeli president expressed his hope that more countries will join the Abraham Accords soon.

“Our trade has already exceeded one billion dollars, more than 120 agreements have been signed, and a $100 million fund (for research and development) has recently been established,” the Israeli president said – during his visit to the Expo.

He added that 250,000 Israelis have visited the UAE so far, and that he hopes that UAE citizens will respond by visiting Israel once COVID-19 restrictions are eased.

In 2020, the UAE, Bahrain, Sudan and Morocco signed agreements to normalize relations with Israel – known as the Abraham Accords – to join Egypt and Jordan out of 22 Arab countries.

Economic and commercial fields

Yesterday, the Israeli president began an official visit to the UAE, the first of its kind.

The bilateral talks between Herzog and Abu Dhabi Crown Prince Mohammed bin Zayed dealt with the available opportunities to develop cooperation at all levels, especially in the economic, commercial, investment and development fields.
On December 13, Israeli Prime Minister Naftali Bennett met the Crown Prince of Abu Dhabi on an official visit, the first of its kind for an Israeli prime minister to the UAE.

In September 2020, Israel and the UAE signed an agreement to normalize relations in Washington under the auspices of former US President Donald Trump.

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