Page 135 - MOE ENGLISH PR REPORT - JULY 2024

The meeting underscored the significance of signing the Comprehensive Economic Partnership
Agreement (CEPA) between the UAE and Chile. This agreement aims to enhance investment
flows, create opportunities, expand trade, and encourage private sector partnerships. It will also
facilitate access for companies from both countries to markets in Asia and South America.

Empowering SMEs

The discussions also focused on empowering small and medium-sized enterprises (SMEs). The
ministers agreed on introducing new programs to support SMEs in both markets. They
highlighted the importance of facilitating SME exports to foreign markets and enabling Chilean
entrepreneurs to benefit from the UAE’s business environment.

Tourism Collaboration

Both sides explored ways to enhance cooperation in tourism sub-sectors such as travel and
aviation. They discussed launching joint initiatives to promote tourism attractions and historical
sites in both countries. These efforts aim to leverage the diverse tourism capabilities of both
markets.

Enhancing Bilateral Dialogue

The ministers discussed enhancing dialogue between delegations and trade missions from both
nations. This will keep them updated on each side's latest economic policies and legislation. Bin
Touq invited his Chilean counterpart to participate in Investopia 2025, scheduled for February
2025. This event offers a platform to discuss strategies for leveraging the UAE's promising
prospects for global investors.

The meeting concluded with a commitment to continue strengthening economic cooperation
between the UAE and Chile across various sectors. Both ministers expressed optimism about
future collaborations that will benefit both nations.

https://www.onearabia.me/local/uae-chile-economic-partnership-strengthening-collaboration-
011-57291.html