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Israel Signs Free-Trade Agreement With UAE in First of Its Kind Deal with Arab State

Deal is one of the most tangible signs of Israel’s growing ties with Arab countries

Former President Trump presided over the signing of a Middle East peace agreement between Israel, the United Arab Emirates and Bahrain. Photo: Alex Brandon/Associated Press

TEL AVIV—Israel and the United Arab Emirates signed a first-of-its-kind comprehensive free-trade agreement between Israel and an Arab country, boosting business ties less than two years after they established formal diplomatic relations in a U.S.-brokered deal.

The agreement, signed Tuesday in Dubai by the Israeli economy minister and the Emirati minister of state for foreign trade, will cover 96% of bilateral trade, which amounts to about $1 billion. Officials said the agreement would help trade grow to more than $10 billion within five years.

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