2023-09-17 17:59:39
Three years have passed since the signing of the Abraham Agreement, a milestone in UAE-Israel relations. More than 10 lakh visitors from Israel have already arrived in the UAE. This was revealed by the UAE Embassy in Tel Aviv.
From a situation where there was not even a single flight three years ago, the UAE-Israel relationship has grown to 106 services every week. This is considered to be a proof of the strengthening of economic cooperation between the two countries.
In September 2020, Abraham signed the agreement establishing political and economic relations between the two countries. Later, many cooperation agreements were signed in the field of trade, travel, tourism and agriculture. Cooperation agreements were mostly signed in the field of innovative technologies including artificial intelligence. The UAE has also signed a comprehensive economic cooperation agreement with Israel. It is the first country in West Asia to sign the SEPA agreement. This allowed UAE products to reach the Israeli market quickly.
Bilateral trade between the UAE and Israel has reached $560 billion. Trade in goods reached $129 billion in the first five months of 2023. Compared to 91.25 crores in the same period last year, a growth of more than 41 percent has been recorded.
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