Israel-UAE economic cooperation expected to intensify
HONG KONG, 11 days
ago
The normalisation of diplomatic and trade relations between Israel and the UAE will unlock mutual trade opportunities given the complementary nature of the two nations’ economies, according to Atradius’ latest economic research report.
With recessions in 2020 behind them, the report notes that the economic growth outlook for both is relatively strong. Their economies are complementary in that they both have a GDP of around $400 billion and their relatively small populations enjoy high living standards. Both economies are well diversified, and the favourable business environment in each bodes well for developing an intimate trade relationship.