UAE and Chile…toward comprehensive economic partnership and fruitful bilateral cooperation

UAE and Chile…toward comprehensive economic partnership and fruitful bilateral cooperation

2024-07-28 06:18:05

His Excellency Gabriel Boric Fuente, President of the Republic of Chile, will pay an official visit to the United Arab Emirates tomorrow (Monday). This is the first official visit by a Chilean president to the UAE since the two countries established diplomatic relations in 1978. An important indicator for countries around the world to build bridges of cooperation to ensure shared prosperity as the country strengthens trade and investment in Latin America and seeks to achieve sustainable economic growth.

During his visit, His Excellency will discuss with the President of the country His Highness Sheikh Mohamed bin Zayed Al Nahyan all aspects of cooperation between the UAE and Chile, especially economy, trade and development, which serve priorities development and sustainable prosperity of both countries.

The visit is an important announcement of the recent successful conclusion of negotiations on the Comprehensive Economic Partnership Agreement between the two countries, which is expected to help encourage economic cooperation between the two countries and increase trade and investment.

Food security, technology, investment and space are among the most prominent areas of partnership between the two friendly countries.

This visit will bring the bilateral relations between the two countries to a new level of bilateral cooperation, strengthen joint efforts to respond to global challenges, build a better and more resilient future, and achieve common goals on major global issues such as climate action and sustainable development. .

Against this backdrop, the UAE continues to adopt an approach aimed at building bridges of relations and partnerships with countries around the world, continuing the path of its founding leaders and extending a hand of friendship to all those who seek to build a better tomorrow for the UAE. expressed the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the country, may God protect him, in which he affirmed that “moving forward together in the process of progress requires us all to adopt a common vision”.

The establishment of diplomatic relations between the UAE and Chile can be traced back to 1978. Chile established a trade office in Dubai in 2006, an embassy in Abu Dhabi in April 2009, and the UAE established an embassy in Abu Dhabi in June 2011. . Embassy in San Diego.

The two countries share strong bilateral relations in various fields including politics, economy and culture, and economic relations between the UAE and the Republic of Chile have continued to develop over the past few years, including the signing of multiple economic agreements to strengthen cooperation between the two countries. In terms of trade exchanges, the trade volume in 2020 was approximately US$281 million.

According to official sources, the most important products exported by the Republic of Chile to the UAE are potassium nitrate, sodium, wood and some food products, while the UAE exports phones, mobile devices, electronic products and some industrial products to Chile.

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