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7/30/24, 3:32 PM UAE and Chile sign major trade agreement - Dubai Eye 103.8 - News, Talk & Sports
UAE AND CHILE SIGN MAJOR TRADE
AGREEMENT
News Home More from Business Monday, 29 July 2024 17:03
By ARN News Staff
WAM
The UAE and Chile have signed a Comprehensive Economic Partnership Agreement (CEPA), aimed at
stimulating non-oil bilateral trade by removing trade barriers and simplifying customs procedures.
It will also help establish new pathways for investment cooperation while providing a platform for both countries’
private sectors to expand partnerships.
The UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his Chilean counterpart Gabriel Boric
Font witnessed the signing of the agreement in Abu Dhabi on Monday.
Sheikh Mohamed said that the UAE will continue its steadfast approach in building developmental partnerships
around the world to serve mutual interests and provide opportunities for future generations.
He added that the CEPA between the UAE and Chile supports mutual economic growth by providing opportunities for
business communities and the private sector to expand on both sides.
"Additionally, it establishes a vital trade and investment corridor with South America, which holds promising economic
potential," he said.
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