The United Arab Emirates and the Republic of Chile successfully concluded the negotiations on the Comprehensive Economic Partnership Agreement (CEPA) between the two friendly countries.

According to Amac News: Foreign Trade Minister Dr. Thani bin Ahmed Al-Zyudi and Chile's Foreign Minister Alberto Van Klavern announced the success of the CEPA negotiations by signing a statement.
This agreement in the CEPA program of the United Arab Emirates aims to increase the value of the country's non-oil foreign trade to 4 trillion dirhams by 2031.
Non-oil trade between the UAE and Chile will reach $305.1 million in 2023, which represents a 23.6% growth from 2019.
Dr. Al Zoudi welcomed the end of the negotiations and stressed that this agreement will open the access of UAE companies and exporters to the growing economies of Chile and Latin America.