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7/31/24, 3:37 PM H.E. Bin Touq & his Chilean counterpart explore means to strengthen collaboration in new economy - Middle East News 247

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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