JERUSALEM, May 31 (Xinhua) -- Israel and the United Arab Emirates (UAE) signed on Tuesday a free trade agreement, the first of its kind between Israel and an Arab country.
The trade deal, signed by Israeli Minister of Economy Orna Barbivay and her UAE counterpart Abdulla Bin Touq Al-Marri in Dubai, is expected to eliminate tariffs on 96 percent of products, including food, agriculture, cosmetics, medical equipment and medicines, said the Israeli Economy Ministry in a statement.
