Future Of The Accords
The Abraham Accords paves the way for limitless economic opportunity and represent a significant opportunity for increased economic prosperity for the participating countries. According to the Rand Foundation, the Abraham Accords, when fully realized, could create as many as 4 million new jobs and $1 trillion in new economic activity in its first decade, as well as aiding the regional recovery from the Covid-19 pandemic.
As diplomatic relations are established and embassies are opened, economic productivity follows. In the aftermath of normalization of relations between the countries, close to one quarter of a million Israelis had visited the United Arab Emirates by August 2021. Since normalization of relations, direct flights have begun between Israel and Morocco, a country back to which many Israelis can trace lineage. In September 2021, Bahrain’s national carrier Gulf Air announced the launch of two direct flights between Bahrain and Tel Aviv per week.
In the first year since the Abraham Accords were signed, the spectacular economic opportunities it provides has already been demonstrated in spite of the obstacles presented by a global pandemic. Even excluding tourism and services, trade between Israel and Arab countries of the Middle East grew by 234 percent in the first seven months of 2021 compared to the same period in 2020. Trade between Israel and the United Arab Emirates, the first of the Abraham Accords countries to normalize relations with Israel, increased from $50.8 million in the first seven months of 2020 to an astonishing $613.9 million in the first seven months of 2021. As the commercial ties between the participating countries grow deeper, the economic benefits will increase the bonds between the countries and their people, as well as demonstrate to potential future signatories the tangible benefits of signing on to the Abraham Accords.
At the Abraham Accords Peace Institute, we encourage efforts to promote interfaith and intercultural dialogue to advance a culture of peace among the three Abrahamic religions and all humanity.
We believe that the best way to address challenges is through cooperation and dialogue and that developing friendly relations among States advances the interests of lasting peace in the Middle East and around the world.
2022 trade with Accords Countries
Outbound Israeli tourists to Accords countries
Increase in trade year over year
New flights established with regional partners in 2022
Free trade agreement between Israel, UAE goes into effectTop Stories
Bahrain to utilize Israeli solar tech as result of new international partnership
Israel-UAE diamond trade reaches $1.75B, a yearly increase of 163%Top Stories
In a first, Hebrew University launches undergrad class in UAE studies
“The normalization of relations between Israel and the UAE, Bahrain, Sudan, and Morocco, the first such agreements since 1994, are the biggest step forward for peace in a generation.”
Former U.S. Secretary of State Mike Pompeo
“…strong support for Israel’s recent groundbreaking normalization agreements with countries in the Arab and Muslim world, and stressed the importance of advancing peace, security, and prosperity…”
Vice President Kamala Harris Call with Prime Minister Benjamin Netanyahu of Israel March 4, 2021
“The energy and enthusiasm for the Accords across the region is truly remarkable. In less than a year, this warm peace is melting decades of misunderstanding and hostility across the region. This is a peace among peoples as much as it is among nations.”
Jared Kushner, Avi Berkowitz, Haim Saban, Yousef Al Otaiba, Abdulla R. Al-Khalifa, and Gabi Ashkenazi
“…underlined the strategic importance of the normalization of relations between the United Arab Emirates and Israel…[and] expressed his full support for strengthening and expanding these arrangements.”
President Joseph R. Biden, Jr. Call with Abu Dhabi Crown Prince Mohamed bin Zayed May 4, 2021
“You rightly noted our strong support for the normalization agreements, the Abraham Accords with Israel’s neighbors and beyond. We strongly support this and hopefully there’ll be other participants.”
Secretary Antony J. Blinken And Israeli Foreign Minister Yair Lapid Before Their Meeting, Remarks to the Press; June 27, 2021
“…discussed opportunities to enhance the partnership over the coming months, including by building on the success of Israel’s normalization arrangements with UAE, Bahrain, Sudan, and Morocco.”
Readout of National Security Advisor Jake Sullivan’s phone call with Israeli National Security Advisor Meir Ben Shabbat, January 24, 2021
“The UAE, through its benevolent approach that was established by Sheikh Zayed, embodies a global model of tolerance and coexistence. It has won the love of millions around the world. There are many people throughout the country who deeply love UAE ... coexist with us ... and share our dreams and aspirations.”
His Highness Sheikh Mohammed Bin Zayed
“I stand here today to extend a hand of peace and receive a hand of peace. Today, we are already witnessing a change in the heart of the Middle East, a change that will send hope around the world.”
Sheikh Abdullah bin Zayed, the UAE Minister for Foreign Affairs and International Cooperation
“As Bahrainis, we drew from our national heritage as a beacon of religious tolerance in the Arab world during a time when religion has been too frequently used throughout the world as a divine sanction to spread hate and dissension.”
His Highness King Hamad bin Isa Al-Khalifa
“[On the Abraham Accords] I believe that we have planted some seeds now, and I think that the short term returns have been great, but I do believe that the long term returns are going to be extraordinary.”
“We can see before us a golden opportunity for peace, security and prosperity for our region. Let us together ... waste no time in seizing it.”
Bahrain's Foreign Minister Abdullatif Al Zayani
“I am pleased with the steps taken for the resumption of contacts between our two countries. I am convinced that we shall make this momentum sustainable in order to promote the prospects of peace for all peoples in the region”
Morocco’s King Mohammed VI
“In terms of the Abraham Accords, that's transformational. It's enormously important to regional stability, it's important to Israel, it's just as important to the Muslim countries that have normalized with Israel. It has the potential to change the Middle East for the next 100 years.”
Former U.S. Ambassador to Israel David Friedman