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Total trade between Abraham Accord countries reaches $1.2 billion in 2021
Trade between Israel and the United Arab Emirates reached $1.4 billion in the first seven months of 2022, Israel’s ambassador to the UAE, Amir Hayek, said on Thursday.
In a Twitter post, Hayek noted that the total is up significantly from last year, with all trade in 2021 at $1.2 billion.
This September marked the normalization of relations between the two countries since the signing of the US-brokered Abraham Accords. Barin, Morocco and Sudan also joined this historic treaty.
The overall trade between Israel and Arab countries Increased under the Abraham AccordsThat includes Jordan and Egypt – two countries that have established diplomatic ties with the Jewish state, according to the Abraham Accords Peace Institute.
According to the institute’s June newsletter, trade with Jordan increased by 54 percent to $55 million compared to last year, followed by Egypt at 41 percent and $23.6 million.
In May 2022, trade between Israel and the UAE reached $201.4 million, a 130% increase from May 2021. Morocco struck a $3.1 million trade deal with the Jewish state in May, up 94 percent from 2021. At the same time, Israel and Barin have $ 1.2 million from none within a year.
Israel earlier this month Re -open its economic office in Istanbul After closing the relationship with Turkey for three years, it was closed for three years. On Wednesday, Israel and Turkey announced the comprehensive and normal relationship.
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