Page 123 - MOE ENGLISH PR REPORT - JULY 2024

7/31/24, 3:35 PM H.E. Bin Touq & his Chilean counterpart explore means to strengthen collaboration in new economy, tourism, aviation, entrepreneur…
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.

H.E. 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.

H.E. 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

capitalizing on the promising prospects offered by the UAE to investors from across the globe, as well as fostering
collaboration across various economic domains.

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