Palestinian nervousness will increase after Bahrain`s accession to the agreement. Joe Biden, Trump`s opponent in the 2020 U.S. presidential election, welcomed the agreement because it “builds on the efforts of several governments to promote broader Arab-Israeli openness, including the Obama Biden administration`s efforts to build on the Arab peace initiative.”  The contract was signed on September 15, 2020. The treaty recognizes the sovereignty of each state, obliges the two states to exchange ambassadors and conclude bilateral agreements on various subjects, including visa agreements, and will enter into force as soon as ratification.  The agreement was ratified by the Israeli government on 12 October and ratified by the Knesset on 15 October. The Turkish Foreign Ministry condemned the agreement and said that the history and people of the Middle East were neither forgiven nor forgotten about what the United Arab Emirates was doing and that it was a violation of the 2002 Arab peace initiative. She called the uae`s behavior hypocritical and added that the Palestinians opposed the agreement.  President Recep Tayyip Erdogan then said that Turkey was considering suspending or severing diplomatic relations with the United Arab Emirates in retaliation and recalling its ambassador from Abu Dhabi.  “Economic cooperation in the areas of finance and investment will be achieved after the signing today of the agreement on investment promotion and protection. The Israeli cabinet has already ratified a reciprocal visa waiver agreement with the United Arab Emirates – the first such agreement between the Jewish state and an Arab country.
The agreement is expected to enter into force in December. “There is a provisional agreement between the two countries to soon begin negotiations with Israel on the convention to avoid double taxation,” the UAE Finance Ministry said in a statement, citing Undersecretary of State Younis Haji Al Khoori. The United Arab Emirates is the third Arab country to recognize the State of Israel. Egypt signed a peace agreement with Israel in 1979 after breaking ranks with the rest of the Arab and Muslim world. Jordan was the closest Arab country to recognizing Israel by signing a peace treaty in 1994. Egypt and Jordan have been indebted by the United States for its economic supply and political survival since they signed separate peace agreements with Israel. The UAE hopes to be suitably rewarded for its betrayal of the Arab cause. As Phyllis Benning, an expert on the region, points out, the agreement does not help to end the threat of Israeli annexation of the Palestinian territories, “because the de facto annexation is already underway and de jure annexation is only delayed for some time.” A “historic peace agreement” has been called, similar to the peace agreements previously signed by Israel with two other Arab countries, Egypt and Jordan. In the second week of August, the United Arab Emirates surprised the international community by signing an agreement that “leads to the complete normalization of relations” between Israel and the United Arab Emirates in exchange for the temporary suspension by the Jewish state of its plans for formal annexation of much of the occupied West Bank.
On 13 August 2020, uae Foreign Minister Anwar Gargash proclaimed the United Arab Emirates agreement on normalizing relations with Israel and said his country would address threats to the two-state solution, in particular the annexation of the Palestinian territories, and called on the Palestinians and Israelis to return to the negotiating table.