Zionist Businessmen to Visit Riyadh

Occupying Regime, UAE Sign Free Trade Agreement

Date: 31 May 2022 - 22:17

News ID: ۱۰۳۲۱۴

DUBAI (Dispatches) – The Zionist regime has signed a free trade agreement with the United Arab Emirates, its first big trade accord with an Arab state.
The pact was signed in Dubai by the occupying regime’s minister of economy and industry Orna Barbivai and her counterpart, UAE Minister of Economy Abdulla bin Touq al-Marri, on Tuesday after months of negotiations.
“Done,” the regime’s ambassador to the UAE Amir Hayek said on Twitter, replying to another tweet he posted earlier saying “the UAE and Israel will sign FTA in the next hour”.
President of the UAE-Israel Business Council Dorian Barak predicts there will be almost 1,000 Israeli companies working in or through the UAE by the end of the current year.
Ahead of the signing, the regime’s economy ministry said in a statement on Monday that customs duties will be eliminated on 95 percent of traded products, including food, agriculture, and cosmetic products, as well as medical equipment and medicine.
Meanwhile, a group of Zionist-American businesspeople is set to visit Saudi Arabia as part of a deepening normalization with Riyadh.
Israeli broadcaster Kan said a private flight taking off from Ben Gurion Airport was heading for the Saudi capital Riyadh on Tuesday, carrying a number of wealthy businessmen. In a later update, the broadcaster said the flight had been delayed until the following day.
Several reports of direct and indirect Saudi-Israeli talks on security and aviation cooperation have been reported in recent days.
On Monday, Zionist foreign minister Yair Lapid said his regime is coordinating with the United States and Persian Gulf nations on a process to normalize relations with Saudi Arabia.
The occupying regime established ties in 2020 with several Arab states, including the UAE, Bahrain and Morocco, in U.S. brokered deals that broke with decades of Arab policy that had called for a Palestinian state before ties with the regime could be established.