Israel will import from UAE free zones, Netanyahu says

Reuters
In this Thursday, Aug. 13, 2020 file photo, Israeli Prime Minister Benjamin Netanyahu announces that full diplomatic ties will be established with the United Arab Emirates in a U.S.-brokered deal, during a news conference, in Jerusalem. (AP)
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  • “We know that we will get good prices,” Netanyahu said

DUBAI: Israel will import from free zones in the United Arab Emirates, Prime Minister Benjamin Netanyahu said in an interview with Sky News Arabia on Monday.
“We know that we will get good prices,” he said.
Israel and the UAE announced on Thursday they would normalize relations under a US-sponsored deal.
The UAE’s free zones are areas in which foreign companies can operate under light regulation, and where foreign investors are allowed to take 100 percent ownership in companies.

Topics: UAE Israel economy