EAC and Chile… towards a comprehensive economic cooperation and a fruitful bilateral cooperation

EAC and Chile… towards a comprehensive economic cooperation and a fruitful bilateral cooperation

The official visit of the President of the Republic of Chile, Gabriel Borric Font, to the UAE tomorrow (Monday) is the first visit by a Chilean president to the country since the establishment of diplomatic relations between the two countries in 1978. It is considered an important indicator of the UAE’s efforts to build cooperation bridges with various countries of the world to ensure the achievement of Mutual Prosperity, as the country strengthens its trade and investment presence in Latin America and seeks to achieve sustainable economic growth.

During the visit, His Highness will discuss with the President of the State Sheikh Mohammed bin Zayed Al Nahyan, may God bless him, various aspects of the cooperation between the UAE and Chile, especially economic, trade and development, which meet the priorities. sustainable development and prosperity in both countries.

The visit is expected to lead to an important announcement at the level of the Comprehensive Economic Cooperation Agreement after the two countries have successfully concluded negotiations.

The sectors of food safety, technology, investment and space stand out as the most prominent sectors that will be focused on in the cooperation between the two friendly countries.

This visit will take bilateral relations between the two countries to a new level of bilateral cooperation and increase joint efforts to build a better and more resilient future to face global challenges, and shared ambition on major global issues such as climate action and sustainability. the path that returns the commitments of the two countries.

It translates global efforts on these files into beneficial projects and initiatives.

In this context, the EAC continues its approach to building bridges of relations and cooperation with various countries of the world, following the path of creative leaders based on extending the hand of friendship to all those who want to build a better future. humanity, thus the vision of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, in which he said: “Moving together in the process of progress requires us all to adopt a common vision.”

The establishment of Emirati-Chilean diplomatic relations dates back to 1978, Chile opened a trade office in Dubai in 2006, while in April 2009 it opened its embassy in Abu Dhabi and in June 2011 the United Arab Emirates opened its embassy. Santiago

The two countries share strong bilateral relations in various political, economic and cultural fields, as the economic relations between the United Arab Emirates and the Republic of Chile have seen continuous growth in recent years, including the signing of several economic agreements to improve them. and strengthening the trade exchange, which in 2020 was about 281 million dollars.

According to official sources, the most important products that the Republic of Chile exports to the UAE are potassium nitrate, sodium, wood and various foodstuffs, while the UAE exports to Chile telephones, mobile devices, electronic products and some industries. the materials