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8/1/24, 10:08 AM UAE-Chile CEPA set to take effect in six months, promises $73 million national economic boost by 2031: Al Zeyoudi
UAE-Chile CEPA set to take effect in six months, promises $73 million national economic boost by 2031:
Al Zeyoudi
The agreement aims to liberate trade between both countries, empower women in
commerce

The CEPA seeks to boost trade between the two countries and create numerous opportunities for investors from both the UAE
and Chile. (Photo Credit: WAM)
Dr. Thani bin Ahmed Al Zeyoudi, UAE minister of State for Foreign Trade, highlighted the
importance of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and
Chile. He noted that this is the 11th agreement for the UAE under its trade agreement program,
which has been developed over the past three years and is expected to come into force within six
months.
Expected economic impact
In a statement on the sidelines of a roundtable hosted by the ministry on Monday with a Chilean
delegation, Dr. Al Zeyoudi explained that the CEPA with Chile is anticipated to contribute an
additional $73 million to the national economy by 2031 and will also have a significant impact on
increasing the country’s exports to Chile.
Comprehensive trade liberalization, empowering women in commerce
Al Zeyoudi stated, “What sets this agreement apart is its high level of trade liberalization, exceeding
99 percent for both parties. Liberalization is particularly significant in the services sector, which is
key to attracting investments to both countries. Additionally, for the first time, we have included a
specialized chapter focused on empowering women in the economic and commercial sectors.”
Focus on supply chains

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