The Economic Department at the embassy works on strengthening and deepening the economic relations between Israel and the United Arab Emirates.
Recent Israel-UAE trade developments bring forth a new era of collaboration and opportunity especially after the Comprehensive Economic Partnership Agreement (CEPA) between Israel and the UAE came into effect on April 1st 2023.
With expanded market access covering 96% of tariff lines and 99% of trade value, both nations benefit from a non-discriminatory cross-border trade environment. Israel service suppliers now access diverse sectors in the UAE's services market, from business to tourism. Digital trade rules ensure consumer protection, data flow, and technology use while safeguarding intellectual property. These strides mark a significant mutual growth step between Israel and the UAE. This includes:
- Greater market access for Israeli products entering the UAE market, covering more than 96% of tariff lines and 99% value of trade with the UAE.
- An open and non-discriminatory environment for cross-border trade with the UAE.
- Providing Israel service suppliers with access to UAE’s domestic services market in a range of sectors, including: Business Services, Communications Services, Distribution Services, Environmental Services, Financial Services, Tourism and Travel Related Services and Transport Services.
- Establishing rules for digital trade to ensure online consumer protection, enable the free flow of data, and the use of digital technologies in business while still protecting intellectual property rights.