Page 115 - MOE ENGLISH PR REPORT - JULY 2024

enhance investment flows, create opportunities, expand trade, and encourage partnerships at
the private sector level. Furthermore, it will streamline the access of companies from both
countries to promising markets and opportunities in Asia and South America.

Bin Touq said, “We consider the Republic of Chile as a valuable economic partner for the UAE
in South America, as it boasts a favourable investment environment. We look forward to
elevating our economic relations to new heights at both government and private sector levels,
as well as exploring promising opportunities in sectors and areas of mutual interest.”

The discussions focused on the significance of strengthening collaborative efforts to introduce
new programs for small and medium-sized projects in both markets. The two ministers agreed
on the importance of empowering the SMEs sector and facilitating the entry of their exports to
foreign markets. Furthermore, they highlighted the importance of enabling Chilean
entrepreneurs and startups to leverage the unique advantages and enablers offered by the
UAE’s business environment.

The two sides discussed mechanisms to enhance bilateral cooperation in various tourism sub-
sectors and activities, especially travel and aviation, during the next phase. It also discussed the
prospects for launching joint tourism initiatives aimed at promoting the prominent tourism
attractions and historical sites in both countries, thus leveraging the diverse tourism capabilities
of both markets.

In addition, the discussions highlighted the importance of enhancing dialogue between
delegations and trade missions from both nations in the next stage. This will help in keeping
them updated on the latest economic policies and legislation developed by each side.

Bin Touq invited his Chilean counterpart to attend and actively participate in the fourth edition of
Investopia, scheduled to be held in February 2025. The event presents a valuable opportunity to
discuss strategies for capitalising on the promising prospects offered by the UAE to investors
from across the globe, as well as fostering collaboration across various economic domains.

https://wam.ae/article/b4f7nar-bin-touq-chilean-counterpart-explore-means