Page 139 - MOE ENGLISH PR REPORT - JULY 2024

CEPA with Chile to take effect in 6 months: Al

Zeyoudi

• Tuesday, July 30, 2024 1:32 PM
• 2 minutes Reading

ABU DHABI, 30th July, 2024 (WAM) -- Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign
Trade, highlighted the significance of the Comprehensive Economic Partnership Agreement (CEPA)
between the UAE and Chile. He noted that this is the 11th agreement for the UAE under its
agreement programme, which has been developed over the past three years and is expected to
come into effect within six months.

In a statement to the Emirates News Agency (WAM) on the sidelines of a roundtable hosted by the
ministry on Monday with a Chilean delegation, Dr. Al Zeyoudi explained that the CEPA with Chile is
expected to contribute an additional $73 million to the national economy by 2031, and will also
have a significant impact on increasing the country's exports to Chile.

Al Zeyoudi stated, "What sets this agreement apart is its high level of liberalisation, exceeding 99%
for both parties. Liberalisation is particularly significant in the services sector, which is key to
attracting investments to both countries. Additionally, for the first time, we have included a
specialised chapter focused on empowering women in the economic and commercial sectors."
He added that a comprehensive chapter on supply chains was included, highlighting their
importance, especially given the current global crises and geopolitical situations.

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