President Gabriel Boric is set to embark on a significant diplomatic journey—the first of its kind for him—to the UAE. This visit underscores the growing ties between Chile and the Gulf nation, and is planning for the 29/30 of July.
The visit will center around investment, innovation in science and technology, and infrastructure.
- Focus Areas:
- The official statement from the Chilean Presidency highlights three critical areas of focus for President Boric’s visit:
- Investment: Strengthening economic ties and exploring investment opportunities.
- Innovation in Science and Technology: Collaborating on cutting-edge research and development.
- Infrastructure: Discussing joint infrastructure projects and partnerships.
- The official statement from the Chilean Presidency highlights three critical areas of focus for President Boric’s visit:
- Economic Prospects:
- In April 2024, Chile and the UAE concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA). This agreement aims to enhance trade, investment, and economic cooperation between the two nations.
- The bilateral trade relationship has been steadily growing. In 2023, the exchange of goods between Chile and the UAE reached $259.8 million, with an average annual growth rate of 5.9% since 20181.
- Beyond Business:
- President Boric’s visit isn’t solely about economic matters. It symbolizes Chile’s commitment to engaging with the UAE on multiple fronts.
- Cultural exchange, academic collaboration, and joint initiatives in sustainable development are also on the agenda.
- Return Journey:
- President Boric’s return flight from the UAE is scheduled for July 30th, with his arrival back in Chile on the morning of July 31st.
President Boric’s visit to the UAE represents a pivotal moment in Chile-UAE relations. As he engages in discussions with UAE leaders, we can anticipate exciting developments in trade, technology, and cultural exchange. 🌟🤝
