UAE President Officially Announces A Decree To Abolish The Israeli Boycott Law

Following the recent historic peace treaty made between the UAE and Israel, UAE President HH Sheikh Khalifa bin Zayed Al Nahyan has officially issued a decree to abolish the law on boycotting Israel and Israeli products.

In legal jargon, Sheikh Khalifa bin Zayed has issued a Federal Decree-Law No. 04 of 2020, abolishing the Federal Law No. 15 of 1972 regarding boycotting Israel and the penalties thereof.

The decree comes as part of the UAE’s efforts to expand diplomatic and commercial cooperation with Israel

The new developments aim to lay out a roadmap towards launching joint cooperation, leading to bilateral relations by stimulating economic growth and promoting tech-related innovations.

Recommended

Get Ready To Sip, Play, And Score Over 1 Million AED At Barasti’s Exciting Life-Sized Board Game Experience!Pay Just AED 66 For A Taxi Between Dubai & Abu Dhabi!Dubai Police Celebrates Indian Hero For Returning AED 100,000

Following the abolition of the Israel Boycott Law, individuals and companies in the UAE may enter into agreements with bodies or individuals residing in Israel or belonging to it by their nationality, in terms of commercial, financial operations, or any other dealings of any nature.

#KhalifaBinZayed issues a decree to abolish the #Israel Boycott Law#WamNews
Read More: https://t.co/X18vGssI7Z pic.twitter.com/jHaGzPEIlO

— WAM English (@WAMNEWS_ENG) August 29, 2020

It is now permitted to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them

 

View this post on Instagram

 

A post shared by WAM Arabic (@wamnews) on Aug 29, 2020 at 1:32am PDT