27 C
Kuwait City
October 1, 2020
Gulflance
Home » UAE presidential decree ends boycott of Israel goods – News
Khaleejtimes

UAE presidential decree ends boycott of Israel goods – News

Source link


Based on the new decree, it will be permissible to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them.

Individuals and companies in the UAE may now enter into agreements with Israeli firms, citizens and residents, as the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, has abolished the Israel Boycott Law.

Following the historic UAE-Israel peace accord, Sheikh Khalifa has issued Federal Decree Law No. 04 of 2020, dissolving Federal Law No. 15 of 1972, as part of the country’s efforts to expand diplomatic and commercial cooperation with Israel.

With the abolition of the boycott law and based on the new decree, it will be permissible to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them.

The UAE has been laying out a roadmap to launch joint cooperation with Israel and build bilateral relations, by stimulating economic growth and promoting technological innovation.





Click here to read more news from @khaleejtimes

Related posts

Coronavirus: Dh1,000 fine, 6 black points for throwing masks, gloves on road in UAE – News

gulflance

Video: Thunderstorm lashes parts of UAE on Friday – News

gulflance

Asia shares take a breather, hope for flexible Fed – News

gulflance

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please spend a minute

Gulflance Poll

Which is worst social media?
Vote Now
close-link

You're currently offline