What is required under the latest UAE Israel peace agreement?
The agreement promises to establish a normal relationship between the two countries. The normalization includes business relations, direct flights, scientific co-operation, tourism, and a lot more services.
One of the significant components of the UAE Israel deal is the enhanced security cooperation against regional threats, especially from Iran and its proxies. It’s evident that UAE and Israel have security ties, but agreement brings them into open.
Why sign the UAE Israel pact now?
UAE and Israel have been inching toward normalization for years. Israel opened a diplomatic office in Abu Dhabi tied to the International renewable energy agency in 2015. Most of the senior Israeli officials have visited the office and athletes have participated in the regional competitions in the UAE. Similarly, Israel is all set to participate in Dubai World Expo 2020, which is now rescheduled to October 2021 due to the Corona pandemic.
Impact of UAE Israel deal
The impact of the UAE Israel agreement demonstrates a clear commitment to further diplomatic and commercial relations. From a commercial viewpoint, the deal to cooperate in the economic advancement of the Middle East is expected to create numerous and wide-ranging opportunities. The UAE-Israel pact explicitly refer to several areas where countries intend to cooperate and the areas include,
Some of the positive developments seen after the UAE Israel peace agreement,
UAE Israel trade potential – Conclusion
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