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UAE and Chile successfully conclude CEPA

negotiations

April 25, 2024 / 9:30 PM
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Sharjah24 - WAM: The United Arab Emirates and

the Republic of Chile have successfully concluded

negotiations on a 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

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