Image Credit: AP Photo/Ariel Schalit

On Saturday, the President of the United Arab Emirates (UAE) issued a decree abolishing the law boycotting Israel, which was originally imposed in 1972. This means that UAE and Israel can now freely trade, two days before the Israeli delegation arrives in Abu Dhabi.

The abolishment of the boycott law, will now enable Israelis and Israel firms to trade with the UAE. State- owned WAM agency said ‘The decree of the new law comes within the UAE’s efforts to expand diplomatic and commercial cooperation with Israel.’ They also said that it lays out ‘a road-map toward launching joint cooperation, leading to bilateral relations by stimulating economic growth and promoting technological innovations.’ Read more about the peace agreement here:

https://whatnownews24.com/2020/08/13/israel-and-united-arab-emirates-reach-a-historic-peace-deal/

Read more about other countries’ reactions to the peace deal forged between UAE and Israel here:

https://whatnownews24.com/2020/08/14/turkey-threatens-to-suspend-its-diplomatic-relations-with-uae-over-its-peace-deal-with-israel/

It has been reported that since the law was abolished Israel firms already signed deals with Emirates Airline. It is most likely that more and more firms will sign deals in the coming days.

The Israeli delegation that will arrive in Abu Dhabi August 31st, will be led by the National Security Advisor Meir Ben-Shabbat. A preparatory team arrived last Friday according to army radio.

Last week, Prime Minister Benjamin Netanyahu said that the peace deal will bring about peace and normalization. ‘This is a historic agreement. It will spur growth. It will help bring general socioeconomic growth, especially during the coronavirus era.’

Published by truthisacommodity

Residing on the small island of Malta, I have developed a keen interest in foreign politics and science and in bringing truth to my audience by providing daily news! Email: info@whatnownews24.com View all posts by truthisacommodity