Could the UAE become one of Israel's largest trading partners?

Chris

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Could the UAE become one of Israel's largest trading partners?
Israel and the UAE have a lot to learn from each other.
By ZEV STUB
JANUARY 13, 2021

Bilateral trade between Israel and the United Arab Emirates could realistically reach as high as $6.5 billion in several years, which would make the UAE one of Israel’s largest trading partners, Samir Chaturvedi, CEO of the Khalifa Industrial Zone Abu Dhabi (KIZAD), said at the UAE-Israel Peace and Prosperity Roundtable, presented by The Khaleej Times and The Jerusalem Post. “I think that’s a realistic goal, not overly optimistic,” Chaturvedi said in a fireside chat on increasing bilateral trade. “Both of our economies are similar, in terms of size, population and innovation.”

David Leffler, director-general of the Economy Ministry, agreed. “Both economies are export-oriented, and there are many reasons to be optimistic,” he said. “For example, the UAE imports about $58b. of precious stones and metals every year, and Israel imports $12b. That can come out of that.” Therefore, Leffler said, after all the official ceremonies about peace, the next step is for the countries’ business communities to get to know each other.

more........... https://www.jpost.com/israel-news/c...ne-of-israels-largest-trading-partners-655255
 
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