With the official implementation of the Comprehensive Economic Partnership Agreement (CEPA) between Chile and the United Arab Emirates, the two countries’ economic ties underwent a sea change.
The crucial deal, which reflects the common goals of both nations to promote mutually beneficial, sustainable economic growth, is expected to increase significantly bilateral commerce and open up new investment opportunities across important sectors. With the implementation of the CEPA, it is anticipated that bilateral commerce will surpass US$500 million in five years due to improved market access and collaboration in critical areas.
The implementation of the UAE-Chile CEPA marks a significant milestone in our economic relations, paving the way for enhanced collaboration and investment opportunities in vital sectors like renewable energy, agriculture, tourism, and infrastructure,” said Dr. Thani Al Zeyoudi, Minister of Foreign Trade, expressing optimism about the agreement’s future impact. In order to achieve our shared economic objectives, we must promote open, rules-based commerce, and this agreement strengthens our commitment to doing so. The UAE’s non-oil international trade with Chile was $270 million in 2024 and $153 million in the first half of 2025, up 7.1% from the previous year.
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