Core Viewpoint - The Comprehensive Economic Partnership Agreement (CEPA) between Chile and the UAE has officially come into effect, marking a significant breakthrough in Chile's global trade expansion [1] Group 1: Agreement Details - CEPA is the first trade agreement signed by Chile with a Middle Eastern country, highlighting Chile's strategic move to diversify its economic partnerships [1] - The agreement was signed during President Boric's visit to the Middle East on July 29, 2024, in Abu Dhabi [1] - Approximately 98% of Chile's export products and 99.5% of imported goods will benefit from phased tariff reductions, covering various trade categories including agricultural and industrial products [1] Group 2: Economic Impact - The agreement is expected to expand export opportunities for Chile, enhance investment attractiveness, and promote economic diversification [1] - CEPA includes 21 chapters, addressing topics such as women's economic empowerment (a first for the UAE), global value chain cooperation (Chile's first such agreement outside Latin America), and support for small and medium-sized enterprises [1]