The First visit of Chile President to the UAE Since 1978, Starts tomorrow.
The UAE and Chile share ambitions on key global issues such as climate action and sustainability.
Translating their commitments into projects and initiatives that benefit global efforts in these areas.
Tomorrow, H.E Gabriel Boric Font, President of the Republic of Chile will visit the UAE, which marks the first visit of Chile President to the country.
This visit is a significant indicator of the UAE’s ongoing efforts to build bridges of cooperation with various countries around the world.
Ensuring mutual prosperity while enhancing its commercial and investment presence in Latin America and striving for sustainable economic growth.
During the visit of Chile President, His Excellency will discuss with His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, various aspects of cooperation. Particularly in economic, trade, and developmental fields, which serve the priorities of sustainable development and prosperity in both countries.
New Comprehensive Economic Partnership Agreement between the UAE and Chile
The visit is expected to witness an important announcement regarding the Comprehensive Economic Partnership Agreement.
This follows the successful conclusion of negotiations between the UAE and Chile.
This agreement is anticipated to encourage economic cooperation and increase trade and investment volumes.
Key sectors expected to be the focus of the partnership include:
Food security, technology, investment, and space.
This visit is set to elevate bilateral relations to a new level of cooperation.
It will also enhance the joint efforts to address global challenges, building a better and more resilient future.
Continuing the Legacy of the UAE Founding Leaders
In this context, the UAE continues its approach of building relationships and partnerships with various countries worldwide.
This is by continuing the legacy of its founding leaders who extended a hand of friendship to all those seeking to build a better future for humanity.
This also reflects the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE.
As His Highness emphasized that “moving forward together in the journey of progress requires us all to adopt a shared vision.”
Diplomatic relations between the UAE and Chile were established in 1978.
Chile opened a trade office in Dubai in 2006 and its embassy in Abu Dhabi in April 2009.
The UAE opened its embassy in Santiago in June 2011.
Continuous growth over the past years
The UAE and Chile enjoy strong bilateral relations in various political, economic, and cultural fields.
Mentioning that economic relations have seen continuous growth over the past years.
This includes the signing of several economic agreements to enhance and strengthen trade exchange, which amounted to approximately $281 million in 2020.
The UAE affirms its support for sustainable financing issues and efforts to enable climate action. Financing is one of the most important factors enabling climate action, which resulted from the COP28 conference hosted by the country at the end of 2023 and the historic “UAE… pic.twitter.com/Lkka1Z9j2G
— UAE Voice (@uae_voiceeng) July 26, 2024
According to official sources, the main products exported by Chile to the UAE include:
Potassium nitrate, sodium, wood, and various food products.
While the UAE exports to Chile include:
Phones, portable devices, electronic products, and some industrial materials.
