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4/26/24, 11:10 AM UAE and Chile successfully conclude CEPA negotiations | Emirates News Agency
Comprehensive Economic Partnership Agreement

(CEPA) between the two friendly countries.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for

Foreign Trade, and Alberto van Klaveren, Minister of

Foreign Affairs of Chile, signed a joint statement

announcing the successful conclusion of negotiations
and reaching out the CEPA final provisions between the

two sides.

This agreement marks a significant milestone within the
UAE's CEPA programme, which aims to raise the value of

the country's non-oil foreign trade to AED4 trillion by

2031.
The non-oil trade between the UAE and Chile amounted

to US$305.1 million in 2023, representing a remarkable

growth of 23.6 percent since 2019.

Dr. Al Zeyoudi welcomed the successful conclusion of the

talks, stressing that the agreement will open up access
for UAE companies and exporters to the fast-growing

economies of Chile and Latin America.

He commented, "Chile is an ideal partner within the
CEPA programme being implemented by the UAE. This

partnership will foster sustainable and mutually

beneficial growth in trade of goods and services,
investment, and economic cooperation.

He added, "With the agreement's signing, the private

sectors in both countries will benefit from vital new

trade links between South America and the Middle East.
These two regions represent dynamic and growing

markets with a population of over 800 million."

For his part, Alberto van Klaveren remarked, "We view

the conclusion of CEPA negotiations as a remarkable
achievement within our distinguished relationship with

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