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7/30/24, 3:31 PM UAE and Chile sign comprehensive economic partnership agreement to triple trade by 2030 - Finance Middle East

UAE and Chile sign comprehensive economic

partnership agreement to triple trade by

2030
In 2023, the non-oil trade volume between the UAE and Chile reached $306 million.

Credit: WAM
The UAE and Chile signed the comprehensive economic partnership agreement (CEPA) during the Chilean
President’s official visit to the UAE, state news agency WAM reported on Monday. The agreement aims to
stimulate non-oil bilateral trade by eliminating or reducing customs duties, removing trade barriers and
simplifying customs procedures. It also seeks to establish new pathways for investment flows and cooperation,
providing both countries’ private sectors a platform to build partnerships.

The agreement was signed by HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and HE
Alberto van Klaveren, Minister of Foreign Affairs of Chile.

In 2023, the non-oil trade volume between the UAE and Chile reached $306 million. Both countries aim to triple
this figure by the end of 2030, expanding cooperation across priority sectors.

The CEPA with Chile is the second of its kind that the UAE has signed with a South American country, following a
similar agreement with Colombia last April. Launched in September 2021, the UAE’s CEPA program is vital to the

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