Tue, 2023-03-28 12:28
RIYADH: The UAE and Israel have inked a custom cooperation deal to activate the pledge they signed in May 2022 to reduce tariffs on 96 percent of goods traded between the countries.
The agreement aims to enable mutual assistance in ensuring the proper application of customs laws by accurately assessing customs and other tax fees on exports and imports as well as adjusting customs data.
The new customs deal will take effect from April 1 and will permit Israeli companies to compete for government tenders in the UAE.
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