The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the Chilean Federation of Industry (SFF) have signed a memorandum of understanding (MoU) in Santiago. This agreement aims to enhance trade and investment between Abu Dhabi and Chile, promoting greater opportunities and fostering business communities on both sides.
The signing took place during a high-level UAE delegation visit to Latin America, which aimed to strengthen trade and investment relations.
The signing ceremony was attended by Dr. Thani bin Ahmed Al Zeyoudi, UAE minister of State for Foreign Trade, and Rashed Abdulkarim Al Blooshi, undersecretary of the Abu Dhabi Department of Economic Development.
The MoU was signed by Ahmed Khalifa Al Qubaisi, chief executive officer of the Abu Dhabi Chamber, and Rodrigo Yáñez, secretary-general of the Sociedad de Fomento Fabril, in the presence of officials from both countries.
The memorandum seeks to bolster the relationship between the UAE and Chilean markets by facilitating communication between business communities, commercial entities, and investment companies in both countries. It also aims to create new avenues for collaboration in sectors of mutual interest, including renewable energy, mining, infrastructure, technology, and more.
Read more: UAE, Chile successfully conclude CEPA talks to enhance trade, investment
Expanding relations with Latin America
Ahmed Khalifa Al Qubaisi emphasized the significance of the memorandum with Chile, underscoring the Chamber’s commitment to expanding its economic and trade relations with the Latin American region, particularly Chile. He highlighted Chile’s open economy, diverse resources, and attractive investment environment, which make it an outstanding destination for economic partnership and cooperation with the UAE, specifically Abu Dhabi.
Al Qubaisi further stated that the Chamber intends to explore untapped export potential between the business communities in Abu Dhabi and Chile by organizing trade missions to identify prospective areas for future cooperation. This will leverage the unique capabilities and resources of both countries.
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