UAE-Chile CEPA Enters Into Force, Ushering in a New Era of Economic Cooperation
The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates (UAE) and Chile has officially come into effect, signalling a transformative moment in the economic ties shared by these nations. This pivotal agreement is positioned to significantly boost bilateral trade and create new investment opportunities in sectors such as renewable energy, agriculture, tourism, and infrastructure.
In 2024, the UAE’s non-oil foreign trade with Chile reached US$270 million. The upward trajectory continued in the first half of 2025, with bilateral trade rising to US$153 million, marking a 7.1% year-on-year increase. With the implementation of the CEPA, estimates project that bilateral trade will surpass US$500 million within five years, spurred by enhanced market access and cross-sector cooperation.
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