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4/26/24, 11:11 AM UAE, Chile successfully conclude CEPA talks to enhance trade, investment
UAE, Chile successfully conclude CEPA talks to enhance trade, investment
Non-oil trade between the UAE and Chile amounted to $305.1 million in

2023

The private sectors in both countries will benefit from vital new trade links between South America and the
Middle East (Image: WAM)
The UAE and the Republic of Chile have reached a significant milestone by
concluding negotiations on a Comprehensive Economic Partnership Agreement

(CEPA). Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the
UAE, and Alberto van Klaveren, Minister of Foreign Affairs of Chile, jointly
announced the successful outcome of the negotiations.
The agreement underscores the commitment of both nations to boost trade and

economic cooperation. With non-oil trade between the UAE and Chile amounting to
$305.1 million in 2023, a notable increase of 23.6 percent since 2019, the CEPA will
further enhance bilateral trade relations. The agreement with Chile marks a significant

milestone within the UAE’s CEPA program that aims to raise the country’s non-oil
foreign trade to AED4 trillion by 2031.
Dr. Al Zeyoudi emphasized that the CEPA will provide UAE companies and exporters
with greater access to the fast-growing economies of Chile and Latin America. “This

partnership will foster sustainable and mutually beneficial growth in trade of goods
and services, investment, and economic cooperation,” he said. Dr. Al Zeyoudi added

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