Israel Agreement With United Arab Emirates
The parties recognize the need for mutually beneficial cooperation in the further development of telecommunications, information and postal technologies. They note the creation of direct communications services, including telephone lines, between them, and agree to promote direct mail exchanges, submarine cables and e-commerce solutions, as well as the use of available satellite systems, fibre optic communications and broadcasting services, in accordance with relevant international conventions and regulations. The parties will work to develop a framework for ICT innovation, including advanced fixed and wireless communications, cooperation in 5G networks, smart cities and the use of ICT solutions to promote innovation and the creation of the best services. In Israel, developments have come at a dangerous time for Mr. Netanyahu, who leads a fragile and fragile coalition government and is on trial for corruption. His promise of annexation, repeated in three elections, had left him in a box after Mr. Kushner opposed his progress, without going through Mr. Trump`s official peace plan. But shortly after Thursday`s agreement, Netanyahu and his internal political rivals announced that they had made progress in coalition talks. Recognizing the new era of peace and friendly relations between them and central stability for the well-being of their respective peoples and the region, the parties commit to regularly reviewing and reviewing issues and concluding detailed coordination and cooperation agreements and arrangements. In a surprise announcement at the White House after a three-way phone call with Israeli and Emirati leaders, Trump said the deal would lead to enhanced cooperation in the areas of investment, tourism, security, technology, energy and other sectors, as the two countries travel to allow for the first time scheduled flights of direct passengers. , open messages and trade ambassadors.
Following the agreement signed between the parties in Abu Dhabi on 1 September 2020, the parties are cooperating to deepen and rapidly expand bilateral investment relations and place a high priority on the conclusion of financial and investment agreements, while recognizing the key role of these agreements for the economic development of the parties and the Middle East as a whole. The parties reaffirm their commitment to protecting investors, consumers, market integrity and financial stability and maintaining all applicable regulatory standards.