Page 476 - MOE ENGLISH PR - APRIL 2024

This announcement follows the signing of such deals by the UAE last week
with the first two Latin American countries, Colombia and Costa Rica. The

action demonstrates the UAE’s strategic goal of expanding its investment and
commercial footprint throughout Latin America to promote long-term
economic prosperity.

The alliance seeks to increase investment flows between the two countries
and significantly improve bilateral trade that is not related to oil.

Image: WAM

This agreement creates new export and import opportunities for both nations

by removing trade barriers and enabling the exchange of a wide range of
commodities and services. It also allows Ecuadorian companies to benefit
from the UAE’s economic might and strategic location, and it gives Emirati

companies and investors a strong starting point for entering Latin American
markets, starting with Ecuador.

https://emiratitimes.com/uae-and-ecuador-set-to-begin-cepa-negotiations/