Israel-UAE trade reaches $700 million
Israel’s representative in Dubai said there is going to be a “surge” of business between Israel and the Emirates.
Bilateral trade between Israel and the United Arab Emirates has reached $700 million in value since the Abraham Accords, an Israeli diplomat said today.
Israel’s Consul-General in Dubai Ilan Sztulman Starosta said that trade has totaled this figure in spite of coronavirus-related travel restrictions to Israel.
“It only proves that once the doors are opened, we are going to have a surge of more business going back and forth,” said Starosta, as reported by the official Emirates News Agency.
Israel and the UAE established full diplomatic and economic relations in September 2020 as part of the Trump administration-brokered Abraham Accords. Since then, entities in both countries have signed a flurry of cooperation agreements aimed at boosting business.
