Page 487 - MOE ENGLISH PR - APRIL 2024

Ecuador, as part of the UAE delegation's visit to several Latin American
countries.

ةلماش ةيداصتقا ةكارش ةيقافتا لوح تاضوافم ءدبل اكرتشم اياون نايب ناعقوت روداوكلإاو تاراملإا© Provided by Emirates News Agency (WAM)
This announcement comes after the UAE signed similar agreements with Costa
Rica and Colombia, the first two countries in Latin America to sign last week. The
move underscores the UAE's strategic intent to deepen its commercial and
investment presence across Latin America, thereby fostering sustainable
economic growth.

The partnership aims to substantially enhance non-oil bilateral trade while
fostering increased investment flows between the two nations.

By eliminating trade barriers and facilitating the exchange of a wide array of
goods and services, this partnership opens new economic opportunities for both
countries regarding exports and imports. Additionally, it allows Ecuadorian firms
to leverage the UAE's economic prowess and geographical advantage and
provides Emirati businesses and investors with a robust entry point into Latin
American markets, beginning with Ecuador.

https://www.msn.com/en-ae/news/other/uae-ecuador-announce-intent-to-commence-cepa-
negotiations/ar-AA1nyWuS