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UAE-Israel trade can hit $6 5bln

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Atradius: Israel-UAE economic cooperation expected to intensify, despite challenges | Taiwan News

2021/04/01 17:25 Atradius latest report analyses mutual trade opportunities following the normalisation of diplomatic and trade relations between Israel and the United Arab Emirates, assessing the prospects for long-term engagement. HONG KONG SAR - Media OutReach - 1 April 2021 - 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. Despite potential regional geopolitical tensions, cooperation between the two is likely to intensify in the long-term. 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 USD 400 billion and their relatively small populations enjoy high living standards. Both economies are well diversified, and the favourable bus

Israel-UAE economic cooperation expected to intensify

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.

UAE-Israel trade can hit $6 5b

UAE-Israel trade can hit $6.5b issacjohn@khaleejtimes.com Filed on April 1, 2021 The UAE is making a great effort to attract foreign investors and is already one of the largest recipients of FDI in the Gulf region. In the first five months since their historic peace treaty, the two have conducted around $280 million in bilateral trade while the UAE attracted around 130,000 tourists during the period. The normalisation of diplomatic and trade relations between the UAE and Israel will unlock mutual trade opportunities, propelling bilateral trade in the medium-term to anywhere between $4 billion and $6.5 billion, equivalent to about one per cent to 1.5 per cent of each country’s GDP.

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