The Chilean Minister of Foreign Affairs, Teodoro Ribera, participate in a ceremony for began the construction of the Chile’s pavilion in ExpoDubai2020. Also participated in the event the Ambassador of Chile in UAE, Jorge Dacarett, the Chief Executive Officer of Export Promotion Bureau, Jorge O’Ryan, the Chile’s General Commissioner for ExpoDubai 2020, Alvaro Saieh, and the president of Fruits Exporter Association, Ronald Bown.
The Chilean Foreign Affairs Minister, Teodoro Ribera, visit Dubai to increase bilateral trade, and delivered Chilean pavilion’s construction plans to the company Desing Reveral Pavillion, in charge of this project.
“We can have different point of views about how we can get the solutions to the social demands in Chile, but all we are agree about we need increase our exportations and foreign investment in priority areas to finance these demands”, says Chilean Chancellor.
During his visit to Dubai, the Chilean Minister has meeting with the Minister of State for International Cooperation, Reem Al Hashemy, also with representative of Dubai Chamber of Commerce and Industry, and with delegates of Investment Corporation of Dubai which manages over $250 billion.
With this visit, Chile begins its participation in the new edition of this Universal Fairs, ExpoDubai2020, which starts next October 20th for six months. To be present at this fair, will allow Chile show to more than 25 million assistants the attributes of the country, generating new opportunities, that in the next five years could be translated into a foreign investment of US$2 billion, generating about 15 thousand new jobs.
"We have to go out, to the world, and ExpoDubai 2020 represents a great opportunity for Chile. The prosperity of our country depends largely on foreign trade, which generates more than 2.7 million jobs and is linked to 57% of the Gross Domestic Product. This Universal Fair will allow us to get closer to more than 412 million consumers in the 22 countries that make up the Arab League, to whom we send US$444 million and where we expect an annual increase of 1% over the next five years", said the Chief Executive Officer of Export Promotion Bureau, Jorge O’Ryan, Jorge O'Ryan.
Dubai represents a strategic area in the region, as it provides the opportunity to increase relations with the countries of the Arab League, which currently represent 5% of the world's population and with which our country has no trade agreement in force. Moreover, thanks to its proximity, it opens the possibility of entering the markets of India, Pakistan and Iran.
The Chilean commissioner for the ExpoDubai, Álvaro Saieh, added that it is important to strengthen the ties between both countries, which also share space in the sustainability zone, where their pavilions are next to those of Spain and Germany. "We know that this is a great opportunity and we are sure that from October we will show attendees the attributes and characteristics of Chile. Our pavilion will say a lot about our geography, our challenges and what Chile is like, but, just as we want to teach them about Chile, we also want to learn about the United Arab Emirates, since getting to know each other will allow us to create business opportunities for mutual benefit.
Today, the United Arab Emirates ranks 33rd as a destination for Chilean exports, which represents 0.21% of the total to the world, a very small figure considering that this nation is the world's 30th largest economy and 22nd in per capita income.
"Chile has many opportunities in this market, we currently occupy fourth place in exports in South America, a figure that we will be able to increase if we continue working in the region, because Dubai will be a Hub not only in the Middle East, but also globally, betting on food, mining, tourism and investment, sectors in which we are very strong and where we see great opportunities for re-export," added Jorge O'Ryan.