UAE, Chile discuss trade cooperation
Minister of Foreign Trade Shaikha Lubna Al Qasimi has affirmed UAE’s keenness to bolster economic relations with Republic of Chile and other Latin America’s countries as per directives of the wise leadership aimed at boosting partnership and cooperation bonds with different countries around the globe.
She said this during her meeting with Alfredo Moreno, Chile’s minister of Foreign Affairs, and his accompanying delegation here at the ministry’s headquarter.
She underlined the geographical location of UAE as a strategic gateway for trade between the East and the West pointing to the active role of Jebel Ali Port and free zones in the country in developing and stabilising this remarkable position. She also briefed the minister about the developments on environmental sector and renewable energy.
For his part, Alfredo Moreno hailed the vision of UAE in dealing with environmental issues and challenges as well as the great achievement in the renewable energy field despite being one of the oil-rich countries in the world since it plays a constructive role in enhancing the pace of global partnership in all areas. In the attendance were Abdullah Al Saleh Assistant Undersecretary of Ministry of Foreign Affairs and Jean-Paul Tarud-Kuborn, Ambassador of Chile to the UAE.
The volume of trade exchange between the two countries has seen a recent surge which grows by 49 per cent in 2011 in comparison to 2010 and the UAE exports to Chile jumped to 4.96 per cent in 2011 in comparison to 2010 and the growth rate reached to 105.7 per cent in re-export sector. As for direct exports, it witnessed 20 per cent growth. —