Back in 29 August 2020, the United Arab Emirates
Government s Emirates New Agency (
Wakalat Anba a al
Emarat, or WAM ) publicly announced that H.H. Sheikh Khalifa Bin
Zayed Al Nahyan, President of the UAE, issued Federal Decree Law
No. 4 of 2020, abolishing Federal Decree Law No. 15 of 1972
Concerning the Arab League Boycott of Israel. Civil Lawyers of
Dubai have previously discussed the concerns of the treaty in a
separate article, however, in this article, we will discuss the
impact of this abolition treaty on trade between two countries.
Historical background
The Abraham Accords was a joint statement between Israel, the United Arab Emirates and the United States, reached on August 13, 2020. It