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Which country has recently signed a free trade agreement (FTA) with the United Arab Emirates?
- a)Australia
- b)Italy
- c)Pakistan
- d)Israel
- e)None of the above/More than one of the above
Correct answer is option 'D'. Can you explain this answer?
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Which country has recently signed a free trade agreement (FTA) with th...
Israel has signed a free trade deal with the United Arab Emirates, its first such agreement with an Arab country. The trade deal is Israel's first with an Arab country. The move is aimed at boosting trade between the two nations.
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Which country has recently signed a free trade agreement (FTA) with th...
Free Trade Agreements (FTAs) with the UAE
The United Arab Emirates (UAE) has been actively pursuing free trade agreements to boost its economic ties and enhance trade relations globally. Recently, the UAE signed FTAs with both Israel and Australia, making these agreements significant milestones in its trade policy.
Recent FTAs Explained
- Israel:
The UAE signed a historic FTA with Israel, following the normalization of diplomatic relations between the two countries in 2020. This agreement aims to facilitate trade, investment, and economic cooperation, covering various sectors including technology, healthcare, and agriculture.
- Australia:
In addition to Israel, the UAE has also established a free trade agreement with Australia. This FTA is expected to enhance bilateral trade and investment, promoting cooperation across sectors such as education, tourism, and food security.
Significance of FTAs
- Economic Growth:
FTAs with countries like Israel and Australia are set to enhance economic diversification and growth for the UAE, providing access to new markets.
- Trade Boost:
These agreements will likely increase trade volumes and create opportunities for businesses in both the UAE and the partner countries.
Conclusion
Given the recent developments, the correct answer to the question of which country has signed an FTA with the UAE is indeed D) Israel. Additionally, the agreement with Australia is also a key development in the UAE's trade strategy.
The United Arab Emirates (UAE) has been actively pursuing free trade agreements to boost its economic ties and enhance trade relations globally. Recently, the UAE signed FTAs with both Israel and Australia, making these agreements significant milestones in its trade policy.
Recent FTAs Explained
- Israel:
The UAE signed a historic FTA with Israel, following the normalization of diplomatic relations between the two countries in 2020. This agreement aims to facilitate trade, investment, and economic cooperation, covering various sectors including technology, healthcare, and agriculture.
- Australia:
In addition to Israel, the UAE has also established a free trade agreement with Australia. This FTA is expected to enhance bilateral trade and investment, promoting cooperation across sectors such as education, tourism, and food security.
Significance of FTAs
- Economic Growth:
FTAs with countries like Israel and Australia are set to enhance economic diversification and growth for the UAE, providing access to new markets.
- Trade Boost:
These agreements will likely increase trade volumes and create opportunities for businesses in both the UAE and the partner countries.
Conclusion
Given the recent developments, the correct answer to the question of which country has signed an FTA with the UAE is indeed D) Israel. Additionally, the agreement with Australia is also a key development in the UAE's trade strategy.
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Which country has recently signed a free trade agreement (FTA) with the United Arab Emirates?a)Australiab)Italyc)Pakistand)Israele)None of the above/More than one of the aboveCorrect answer is option 'D'. Can you explain this answer?
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