The CEPA: A New Era in UAE-Israel Bilateral Relations
The Comprehensive Economic Partnership Agreemen t (CEPA) between the United Arab Emirates (UAE) and Israel, which comes into effect on April 1, 2023, marks a new chapter in the bilateral relations between the two nations. The agreement is an important milestone in the normalization of relations between the UAE and Israel, which began with the signing of the Abraham Accords in 2020. The CEPA is a significant development for both nations, as it is expected to enhance their trade relations and promote economic growth. Under the agreement, the two nations will reduce customs duties and other trade barriers, and facilitate the movement of goods and services between them. The CEPA also provides for the protection of intellectual property rights and the promotion of investment between the two nations. The agreement is expected to have a positive impact on the economies of both nations. It is estimated that the CEPA could increase bilateral trade between the UAE and Israel by up to $4 bi...