وزراء ومسؤولون: اتفاقية الشراكة الاقتصادية الشاملة بين الإمارات وتشيلي محطة مهمة للتعاون الاستراتيجي في تنمية القطاعات الحيوية
القاهرة: «دريم نيوز»
Dubai, 29th July, 2019 (WAM) — Ministers and officials in the UAE government and government leaders in local authorities have stressed the great importance of the comprehensive economic partnership agreement between the UAE and the Republic of Chile, as it is a prominent milestone in the country’s program to expand its global partnership network, especially since Chile is the fourth largest economy in South America, and the partnership with it establishes a new phase in the UAE’s relations with the countries of this region, which enjoys strategic importance on the global economic map.
The ministers and officials said that the agreement is a fundamental step in efforts to consolidate the UAE’s position as an important global centre for economy, trade and industry, and contribute to achieving its goal of increasing the contribution of various sectors to the GDP and reaching 3 trillion dirhams by the next decade, in light of the objectives of the “We the Emirates 2031” vision.
They stressed that the agreement will provide a trade and investment partnership with a country that enjoys economic and strategic weight in a region of increasing importance to the global economy, and will open more doors and opportunities for companies and investors from the private sector from both sides, and will support joint cooperation in vital sectors such as clean energy, environmental sustainability, food security, and other areas.
(Ideal environment for companies and investors)
His Excellency Mohammed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said: “The Comprehensive Economic Partnership Agreement between the UAE and the Republic of Chile represents an important and historic advance in our bilateral relations, and confirms our commitment to promoting economic growth and international cooperation.”
“Like the UAE, Chile’s mature economy is characterised by sophisticated financial markets overseen by highly efficient regulators and strong fiscal policies, backed by liquidity from the central bank. This provides our companies, and especially our investors, with the confidence and clarity to secure opportunities in Chile and realise the enormous potential of the agreement. We look forward to working with our counterparts to create the ideal environment for cross-border exchange and cooperation,” he added.
(Accelerating the transition to clean energy)
For his part, His Excellency Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the Republic of Chile is an important partner for the UAE in its plans to transition to clean energy, and the comprehensive economic partnership agreement concluded between the UAE and Chile will contribute to accelerating the development progress achieved in recent years in this field, in addition to building on the important agreements and memoranda of understanding that we signed in 2022, which focus on seeking to exchange knowledge and expertise in the fields of clean and renewable energy technology, developing smart grids, and best practices and policies.
His Excellency added: “Chile has established itself in the field of wind and geothermal energy, and we welcome the opportunity to deepen our relationship with them as we seek to enhance our position as a global hub for renewable energy. The agreement will provide more avenues for cooperation and investment, and will provide new opportunities and commercial capabilities in this important field.”
(Development of industrial capabilities)
His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said that the UAE, in line with the strategic vision of the leadership, seeks to build qualitative partnerships and work to support sustainable economic growth. The Comprehensive Economic Partnership Agreement with Chile is an important part of the strategy to diversify the economy, develop industrial capabilities and enhance the competitiveness of our products, which contributes to enhancing our non-oil exports. He stressed confidence that concluding this agreement with one of the promising economies in South America will facilitate the access of investors, manufacturers and exporters from the UAE to an important emerging market, in addition to building new paths for cooperation and exchange of knowledge and expertise, especially since the industrial sector in Chile is achieving continuous growth in vital areas including the production of food, beverages and chemical products.
His Excellency added: “This agreement will also contribute to enhancing cooperation and joint work and supporting industrial growth in Chile through qualitative investments and facilitating exports to important markets in the Middle East, Asia and Africa, benefiting from our expertise in the field of logistics services. This agreement is also a fundamental step in efforts to consolidate the position of the UAE as an important global center for industry, trade and economy, and contribute to achieving our goal of increasing the contribution of the industrial sector and other economic sectors based on knowledge and innovation to our gross domestic product.”
(An important area for the global economy)
For his part, His Excellency Abdullah bin Touq Al Marri, Minister of Economy, said that expanding the network of global economic partners is a key element in the UAE’s efforts to enhance its position as a global partner, an attractive and influential economic hub, achieve sustainable economic growth in the long term, and bring the country’s GDP to AED 3 trillion by the next decade, in light of the goals of the “We the Emirates 2031” vision.
His Excellency added: The Comprehensive Economic Partnership Agreement signed between the UAE and Chile represents an important milestone in enhancing economic and trade cooperation between the two countries, as it provides a trade and investment partnership with a promising country in a region of increasing importance to the global economy, especially since Chile is a growing market, with a GDP exceeding $300 billion, and has strong manufacturing, financial services, energy, tourism and agriculture sectors that provide rich opportunities for our private sector.
He stressed that the agreement will establish new avenues for cooperation in these areas, and will accelerate the movement of goods, services and capital at a time when we are working to develop aspects of solidarity between us, expressing his aspiration to enhance cooperation with our partners in Chile at the level of the public and private sectors, to support the benefit of this partnership and achieve long-term benefits for both countries.
(Shared commitment to environmental sustainability)
“The Comprehensive Economic Partnership Agreement with Chile is an important addition to the UAE’s foreign trade agenda, and a milestone in the development of our economic relations and our shared commitment to environmental sustainability and food security,” said Her Excellency Dr. Amna bint Abdullah Al Dahhak, Minister of Climate Change and Environment. “Like the UAE, Chile has committed to achieving climate neutrality by 2050, and its ‘Long-Term Climate Strategy’ is having a tremendous impact on all sectors of the economy, including agriculture and forestry.”
“As Chile demonstrated through its pavilion at COP28, hosted by the UAE last year, it is also focused on sustainable finance and environmentally friendly solutions, and offers a range of initiatives that can inform and inspire our efforts. The agreement will facilitate collaboration on these and other climate change adaptation strategies to ensure we work together for a better planet,” she added.
(New horizons for investment)
His Excellency Mohammed bin Hassan Al Suwaidi, Minister of Investment, said: “The Comprehensive Economic Partnership Agreements programme implemented by the UAE opens new horizons for investment across the world, facilitates the flow of capital between the UAE and new global markets, and helps identify projects and sectors with promising potential.”
His Excellency pointed out that the UAE is pursuing an ambitious growth strategy in which expanding foreign investment is a key element, with the aim of opening up to high-growth companies and benefiting from new knowledge and capabilities to strengthen the UAE economy in the long term. This is at the core of our ambitions to diversify the economy, and Chile is an important partner in these efforts, given its strategic location in South America and its fast-growing, sustainability-focused economy.
He stressed that the agreement between the UAE and Chile will stimulate investment in renewable energy, technology, agriculture and infrastructure, and support the growth of both parties’ economies in the long term.
(An important achievement for the national economy)
For his part, His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: “While the UAE continues to expand its network of global trade partnerships through the Comprehensive Economic Partnership Agreements programme, it is also continuing its efforts to enhance its position as a global hub for the flow of trade in goods and services, to achieve long-term sustainable growth for the national economy. He pointed out that Chile is the fourth largest economy in South America, the largest producer of copper in the world, and an important supplier of agricultural and fishery products. The comprehensive economic partnership with it represents a new important achievement within the country’s foreign trade strategy aimed at doubling trade in goods and services.”
His Excellency added: “By eliminating or reducing customs duties on most goods and products, improving market access for our service exports, and removing unnecessary barriers to trade, the agreement will support our goal of increasing the value of our non-oil foreign trade in goods to AED 4 trillion, and raising the value of our non-oil exports to AED 800 billion by 2031. This goal is a key factor in ensuring the flexibility and diversification of the UAE economy.”
His Excellency pointed out that non-oil trade between the UAE and the Republic of Chile continued to flourish, reaching $306 million in 2023, and during the first third of 2024, the value of bilateral trade reached $103 million, with a growth rate of 26% compared to the same period in 2023. Feasibility studies indicate that the value of bilateral trade could nearly triple by the end of 2030. This partnership is an important opportunity to stimulate the growth of our national economy, as the agreement will achieve mutual benefits for the two friendly peoples and for future generations.
(removing barriers to trade)
His Excellency Ahmed bin Ali Al Sayegh, Minister of State, said: “The UAE believes in the role of trade as a fundamental driver of stability, cooperation and development. The signing of the Comprehensive Economic Partnership Agreement between the UAE and Chile confirms the continuation of our policy aimed at building partnerships with countries with important strategic locations on the international economic map, and also with those that share our vision for open, vibrant and adaptable economies.”
“The agreement will deepen our trade relations by improving market access for goods and services, reducing customs duties, removing unnecessary barriers to trade, and generating new investment opportunities. It will also secure supply chains between the UAE and South America and promote regional cooperation across a range of priority sectors, including energy and logistics,” he added. “The UAE and Chile share many commonalities, and the agreement embodies our shared vision for prosperity and our commitment to working together to achieve it.”
(A more flexible and sustainable economic system)
For his part, His Excellency Khalid Mohammed Balama, Governor of the Central Bank of the UAE, said: “The comprehensive economic partnership agreement between the UAE and Chile comes in line with the vision of the wise leadership to develop a more flexible, sustainable and open economic system to global markets, enhance economic growth, develop foreign trade, create more opportunities for the local private sector, and encourage investment flows to the business system in the country.”
He added: This agreement represents a prominent milestone in the comprehensive economic partnership agreements program, and builds bridges of cooperation and joint work between the UAE and countries of the world. In addition, it constitutes a joint platform for anticipating and building opportunities for cooperation in the financial and banking fields, in a way that supports the UAE’s foreign trade exchanges, increases the flow of foreign direct investment into the country, and contributes to maintaining financial stability and protecting the global financial system.
(Facilitating trade exchange)
His Excellency Ahmed Abdullah bin Lahej Al Falasi, Director General of Customs at the Federal Authority for Identity and Citizenship, Customs and Ports Security, said: “The Comprehensive Economic Partnership Agreement between the UAE and Chile stems from the strong trade relations between the two parties. As a strategic and integrated trade hub, the UAE plays a key role in global trade, and by reducing customs duties and removing barriers, the Comprehensive Economic Partnership Agreements programme implemented by the country is a key element of our role as a trade facilitator.”
He stressed that the agreement with Chile will result in reducing customs duties and simplifying trade procedures between the two countries, which will lead to a smoother exchange of goods and services, reduce costs incurred by companies, and facilitate smooth trade in general, noting that the agreement inaugurates a new era of economic cooperation and ensures a brighter and more sustainable future for the people of the two countries.
(Consolidating the UAE’s position as an international trade center)
His Excellency Abdullah Al Basti, Secretary General of the Executive Council of Dubai, pointed out that the comprehensive economic partnership agreement between the UAE and the Republic of Chile is an advanced step towards enhancing economic cooperation between the two friendly countries. It also contributes to strengthening the UAE’s position as an international center for trade and developing paths of development and global economic cooperation, stressing that this agreement reflects the insightful vision of the leadership in expanding the horizons of strategic international partnerships and stimulating economic growth.
Al Basti added: “The agreement will allow investors from the UAE to access a promising economy in South America and benefit from the great opportunities in Chile. It will also facilitate the flow of goods and services between the two countries and support joint projects in key sectors, which will contribute to enhancing industrial expansion and economic diversification.”
للمزيد : تابعنا علي دريم نيوز، وللتواصل الاجتماعي تابعنا علي فيسبوك وتويتر .
مصدر المعلومات والصور: wam
