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Israel-UAE economic relations grow further with free trade agreement

A variety of economic, cultural and energy-related deals preceded the free trade agreement signed in Dubai today.
This picture taken on on Feb. 1, 2021 shows a view of the downtown Dubai skyline, with Burj Khalifa, as seen from the Dubai Frame vantage point.

Israel and the United Arab Emirates signed a free trade agreement in Dubai today. The deal will immediately remove 96% of customs duties on traded goods between Israel and the UAE. The two countries believe it will boost trade related to energy, technology and a variety of other sectors. 

Israel-UAE relations have consistently strengthened since the two normalized their relations in 2020 as part of the Abraham Accords, which was brokered by US President Donald Trump's administration. The following is a timeline of the major milestones in Israel-UAE ties, including economic agreements that preceded the free trade deal: 

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