Over the last few months, some have portrayed the Abraham Accords – ratified on September 15, 2020 – as having had their “brief moment in the spotlight,” and suggested that their potential is fading amid changing priorities in Israel, the United States, and the Arab world.

This view, however, does not at all align with the reality on the ground. In some ways, this past year has been the most significant yet for regional normalization, especially at the level of business and people-to-people ties. Whereas the first two years of the Accords were about celebrating the many “firsts” of peace – the first flights, first diplomatic visits, first business engagements, first cultural events – this past year has been about concretizing the relationships made and focusing on a more integrated region.

In the last year, business between Israel and the UAE has exceeded everyone’s expectations for the breadth of our budding commercial ties. We will far exceed $3B in bilateral trade in 2023, not counting the wider trade conducted through the UAE with counterparts across the Arab world, South Asia, and beyond. Trade with Morocco in the first half of this year is up 110% from the same period in 2022, with Bahrain recording a 24% increase. And perhaps most surprising, trade with Egypt and Jordan, with whom Israel has had decades of peace, has tripled and doubled, respectively, since the signing of the Abraham Accords, largely because engaging with Israelis has become destigmatized in the wake of agreements with the UAE, Bahrain, Morocco, and Sudan.

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