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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 Dh4 trillion by 2031.

The non-oil trade between the UAE and Chile amounted to $305.1 million in
2023, representing a remarkable growth of 23.6% 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 the UAE, sharing a vision for open and rules-based trade.

"The agreement will add further momentum into our bilateral trade while also
generating boundless new opportunities for a more prosperous, modern, and

dynamic economic relationship between Chile and the UAE," he noted.

Dr. Al Zeyoudi's visit to Central and South America, accompanied by a high-
level delegation, also saw the signing of CEPA agreements with both
Colombia and Costa Rica.

https://en.aletihad.ae/news/uae/4481395/uae-and-chile-successfully-conclude-cepa-
negotiations