Chilean President Strengthens Economic Ties with UAE‘s Al Zeyoudi Amid Growing Trade Partnership

In a significant diplomatic engagement, José Antonio Kast, President of Chile, welcomed Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of Foreign Trade, at the Presidential Palace in Santiago. This meeting, attended by Mohammed Al Neyadi, the UAE Ambassador to Chile, marks a pivotal moment in the evolving economic relationship between Chile and the United Arab Emirates (UAE).

Diplomatic Greetings and Acknowledgments

During the meeting, Al Zeyoudi extended warm greetings from the UAE leadership, including President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Vice President His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mansour bin Zayed Al Nahyan. The UAE officials congratulated President Kast on his recent inauguration and expressed hopes for continued progress and prosperity for Chile and its citizens.

Kast reciprocated the sentiments, acknowledging the robust bilateral relationship and emphasizing his commitment to enhancing cooperation, particularly in trade and investment sectors. This mutual recognition underscores the strategic importance both nations place on their partnership.

Emphasizing Global Peace and Stability

President Kast highlighted the UAE’s influential role in fostering global peace, tolerance, and coexistence. He commended the UAE’s commitment to dialogue and international cooperation, which has positioned the nation as a model for promoting security and stability worldwide. This perspective aligns with the UAE’s broader diplomatic strategy, which seeks to build bridges across cultures and support initiatives that advance sustainable development.

The discussions between the two leaders focused on deepening cooperation in areas of mutual interest, particularly trade and investment. Both parties expressed a strong desire to leverage existing momentum to broaden the scope of their economic collaboration.

High-Level Meetings and Sectoral Focus

As part of the ‘UAE Trade Days’ initiative, Al Zeyoudi led a high-level Emirati delegation, which included government officials and business leaders. The delegation engaged in a series of meetings with key Chilean officials, including Martín Arrau, Minister of Public Security; Ximena Rincón, Minister of Energy; and Patricio Torres Espinosa, Deputy Minister of Foreign Affairs, among others.

These meetings were instrumental in identifying opportunities for investment and trade across critical sectors such as renewable energy, agriculture, technology, mining, and infrastructure. The UAE’s commitment to empowering the private sector is evident in its approach to fostering joint economic development and creating new avenues for growth.

Roundtable Discussions on Investment Opportunities

A notable aspect of the visit was a roundtable discussion that brought together investors and business leaders from both countries. This platform allowed participants to explore trade and investment opportunities in priority sectors while discussing strategies for strengthening private sector partnerships. The focus on enhancing investment flows and boosting bilateral trade aligns with both nations’ goals for sustainable economic development.

Al Zeyoudi reaffirmed the UAE’s dedication to deepening its strategic partnership with Chile, particularly in support of sustainable development goals. He emphasized that the UAE-Chile Comprehensive Economic Partnership Agreement (CEPA) serves as a robust framework for enhancing economic cooperation and opening new horizons for private sector engagement.

The Impact of the Comprehensive Economic Partnership Agreement

The CEPA has initiated a transformative phase in economic relations between the UAE and Chile, providing expansive partnership opportunities across vital sectors. Al Zeyoudi noted that non-oil trade between the two countries has surged, with a remarkable 45.6 percent increase projected for 2025, reaching an estimated US$392.6 million.

This growth trajectory reflects the UAE’s strategic efforts to expand its network of economic partnerships globally through the CEPA program. Since its inception in 2021, the program has facilitated numerous agreements aimed at promoting sustainable trade and investment, further solidifying the UAE’s position as a global trade hub.

The ongoing dialogue and collaboration between Chile and the UAE illustrate a shared commitment to fostering economic growth and stability. As both nations navigate the complexities of global trade, their partnership stands as a testament to the potential for mutual benefit through strategic cooperation.

Source: GCC/chilean-president-receives-al-zeyoudi-rcplvm25″>www.zawya.com

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