The United Arab Emirates and Chile have officially implemented their Comprehensive Economic Partnership Agreement (CEPA) a landmark pact signed on 29 July 2024 and enforced on 24 November 2025. This development marks a major milestone in strengthening bilateral economic cooperation and establishing a modern framework for trade and investment between the two nations.
Overview of the CEPA
- The CEPA is designed to enhance the ease of doing business by:
- Reducing or eliminating trade barriers
- Streamlining customs procedures
- Providing clearer rules and legal certainty
- Improving market access for goods, services, and investments
The agreement creates a comprehensive, legally structured environment aimed at supporting long-term commercial engagement.
This Article is a Part of Our Customs Duty Benefits for Indian Exporters under the India-UAE CEPA: A Legal and Practical Overview
Key Sectors of Cooperation
The CEPA focuses on priority sectors where both countries see significant potential for growth, including:
- Technology and innovation
- Renewable energy
- Logistics and transport services
- Professional and business services
- Mining-related services
- Food security and agricultural products
These sectors reflect shared national priorities and areas of high strategic importance.
Strategic Benefits for the UAE and Chile
For the UAE:
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- Advances the nation’s strategy to diversify global trade partners
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- Supports expansion into high-growth markets beyond traditional regions
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- Strengthens private-sector opportunities and competitiveness
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For Chile:
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- Opens a gateway into the Middle East and broader GCC markets
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- Enhances access for exporters, investors, and service providers
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- Builds long-term economic connectivity with a fast-growing regional hub
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Legal and Commercial Implications
- The activation of the CEPA introduces:
- Enhanced transparency and predictability in cross-border transactions
- Stronger legal protections for businesses and investors
- Improved regulatory cooperation between both governments
- Frameworks that facilitate dispute resolution and reduce commercial risk
For companies operating in or with the UAE and Chile, the CEPA establishes a more favourable and secure environment for expansion.
Forward-Looking Assessment of Trade and Investment Ties
With the CEPA now in effect, both nations are positioned to deepen economic integration and unlock new opportunities for businesses. The agreement is expected to stimulate non-oil trade, foster innovation-led growth, and strengthen long-term bilateral partnerships.
