Page 131 - MOE ENGLISH PR REPORT - JULY 2024

7/31/24, 3:36 PM Latest News
highlighting that the two countries have successfully forged sustainable and diverse partnerships and
agreements across various economic and investment domains.

The meeting highlighted the significance of signing the Comprehensive Economic Partnership Agreement
(CEPA) between the UAE and Chile as a major step towards strengthening the existing economic

cooperation in various sectors. The primary objective of the agreement is to 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.

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.

-Ends-

https://www.arabbnews.com/english/Latest-News.asp?id=17563 2/2