Page 113 - MOE ENGLISH PR REPORT - JULY 2024

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
Moreover, Dr. Al Zeyoudi added that a comprehensive chapter on supply chains was included,
emphasizing their importance, especially given the current global crises and geopolitical situations.
Strengthening private sector collaboration
Dr. Al Zeyoudi emphasized that the agreement builds on the direct interactions and communication
between the Emirati and Chilean private sectors in areas of mutual interest, including minerals,
renewable energy, infrastructure, hospitality, and lithium.
Read more: UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased
barriers
Boosting UAE-Chile trade, opportunities for investors
For his part, Alberto van Klaveren, Chilean minister of Foreign Affairs, noted that the CEPA aims to
boost trade between the two countries and create numerous opportunities for investors from both the
UAE and Chile.
“We believe there is significant potential in our relationship with the UAE, and Chile offers many
opportunities, particularly in areas like food and minerals, which are crucial to our economy,” he
added.
For more economy news, click here.

https://economymiddleeast.com/news/uae-chile-cepa-aims-73-million-boost-to-national-economy-by-2031/ 2/2