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On February 24, 2021, Chile and the Gulf Cooperation Council (Saudi Arabia, Oman, Kuwait, Bahrain, Qatar
and United Arab Emirates) signed the first Memorandum of Understanding (MoU) to formally begin to develop
feasibility studies for a future Free Trade Agreement. On February 25, 2022, with the aim of continuing to
promote trade and economic cooperation, Chile and the United Arab Emirates (UAE) announced the start of
negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to strengthen bilateral trade and
investment relations.
On January 19, 2023 concluded the first round of negotiations for a trade agreement between Chile and the United Arab Emirates (UAE).
Between May 10 and 12, 2023, the second round of negotiations for a trade agreement was held in Dubai, United Arab Emirates.
On April 24, 2024 in Santiago, Chile, after four rounds of work, negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between Chile and the United Arab Emirates (UAE) were completed.
On July 29, 2024, Chile and the United Arab Emirates signed the Comprehensive Economic Partnership Agreement (CEPA), deepening the economic collaboration between both countries.
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