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Ministers, officials emphasise significance of

CEPA with Chile

July 29, 2024 / 11:13 PM

Sharjah 24 - WAM: Ministers and officials from the UAE, along with local authority leaders,
emphasised the significance of the Comprehensive Economic Partnership Agreement (CEPA)
between the UAE and Chile.

This agreement marks a pivotal moment in the UAE's strategy to broaden its global partnership
network, particularly with Chile being the fourth largest economy in South America.

The partnership with Chile heralds a new chapter in UAE's relations with this crucial region on
the global economic map.

The officials highlighted that this agreement is a vital step in reinforcing the UAE’s position as a
global hub for economy, trade, and industry. It aligns with the UAE's goal of enhancing the
contribution of various sectors to the GDP, targeting a GDP of AED 3 trillion by the next decade,
in accordance with the "We the UAE 2031" vision.

This agreement is expected to forge a strong commercial and investment partnership with Chile,
opening new opportunities for companies and investors from both nations. It will also support
collaboration in essential sectors like clean energy, environmental sustainability, and food
security.

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said, "The Comprehensive
Economic Partnership Agreement between the UAE and Chile represents a significant

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