Page 221 - MOE ENGLISH PR REPORT - JULY 2024

He said, “I firmly believe that when two countries truly understand each other’s beliefs, people,
culture, and history, they can collaborate more effectively. I hope this visit serves as a significant
step toward closer ties, shared experiences, and increased trade and investment between Chile
and the Emirates.”

For his part, Dr. Thani Al Zeyoudi, in a speech delivered at the beginning of the roundtable,
welcomed the President of Chile and his accompanying delegation to the UAE, highlighting the
friendly relations shared between the two nations which have deepened in recent years owing to
the shared vision of the leaderships of both countries.

Dr. Al Zeyoudi also expressed optimism about the visit of President Boric, stating that the
signing of cooperation agreements and memorandums of understanding heralds a new
promising phase in bilateral relations. Furthermore, Zeyoudi underscored the role of the CEPA
in stimulating trade and investment flows and during his address called on the private sector to
maximise anticipated benefits of the deal.

Al Zeyoudi said, “Our CEPA agreement is designed to enhance trade and investment across the
whole spectrum of economic activity. But ultimately, it’s not the policymakers who will deliver
these results – it’s the energy, agility and ambition of the private sector and meetings such as
the UAE-Chile Roundtable that are key to setting the direction for our success.”

Mohammed Hassan Al Suwaidi, Minister of Investment, affirmed the promise offered by South
America as the UAE continues to explore investment opportunities in strategic markets around
the world. He said, “The strategic alliance between the UAE and Chile, fostered by our CEPA,
will create a robust investment corridor to South America. Together, we aim to achieve shared
development objectives and open promising avenues for UAE companies to explore new
markets.”

Reem Al Hashimy echoed these sentiments, stressing the promising prospects for economic
growth and prosperity through integration and partnership. Al Hashimy also highlighted the
strategic location of both countries as gateways for trade and investment into neighboring
regional markets.

"We believe this visit and this important meeting will help us achieve the common will of the
leaderships of the two countries to advance the friendly relations and cooperation between the
UAE and Chile to broader horizons, in line with our respective development goals," Al Hashimy
said.

The meeting was attended by a senior group of UAE officials including Mohamed Al Neyadi,
UAE Ambassador to Chile, and Mohamed Al Hawi, Under-Secretary of the Ministry of
Investment, in addition to representatives of 20 Emirati companies operating in various key
sectors.

On the Chilean side, the meeting was attended by Alberto van Klaveren, Minister of Foreign
Affairs; Nicolas Grau, Minister of Economy, Development and Tourism; Jessica Lopez, Minister
of Public Works; Patricio Diaz, Ambassador of the Republic of Chile to the UAE; and heads of
major Chilean companies as well as representatives of several business organisations.

https://www.wam.ae/en/article/b4em8bx-chilean-president-meets-with-representatives-major