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7/30/24, 3:32 PM UAE, Chile Sign Trade Pact to Boost Economic Ties | Arabian Post
UAE, Chile Sign Trade Pact to Boost

Economic Ties

Arabian Post Staff -Dubai

The UAE and Chile have signed a Comprehensive
Economic Partnership Agreement (CEPA), aimed at

significantly enhancing trade and investment
between the two nations. This landmark deal is set

to remove or reduce tariffs on various goods,
streamline customs procedures, and eliminate other
trade barriers, facilitating smoother commerce.

The agreement was finalized during a high-level

meeting attended by senior officials from both
countries, including UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi and

Chilean Minister of Foreign Affairs Alberto van Klaveren. Both sides expressed optimism about the
potential for increased economic cooperation and mutual growth.

A D V E R T I S E M E N T

Under the terms of the CEPA, tariffs will be eliminated on a wide range of products, providing a

significant boost to exporters and importers in both countries. The agreement also includes provisions
for enhancing market access and creating new opportunities for private sector collaboration,

particularly in sectors such as energy, healthcare, and technology.

The UAE has been actively pursuing similar trade agreements as part of its broader strategy to
diversify its economy and reduce its reliance on oil revenues. The deal with Chile follows similar

agreements with other countries, reflecting the UAE’s commitment to strengthening its global trade
relationships.

Chile, known for its robust agricultural and mining sectors, stands to benefit from improved access to
the UAE market. The agreement is expected to foster closer ties between businesses and investors

from both countries, paving the way for increased trade and investment flows.

In addition to tariff reductions, the CEPA includes measures to simplify customs procedures, making it
easier for businesses to export and import goods. This is expected to reduce costs and increase

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