UAE President and Presidents of Brazil and Paraguay witness signing of joint declaration for cooperation on Bi-Oceanic Corridor
The project aims to enhance regional integration and logistical efficiency between the UAE, Brazil, Paraguay, Argentina, and Chile. It also focuses on attracting investments and generating investment opportunities in Latin America through the corridor, thereby expanding regional trade.
The project contributes to enhancing economic competitiveness in the region by connecting the Atlantic and Pacific Oceans through the Brazilian port of Campo Grande, extending to Paraguay and northern Argentina, and reaching the Chilean port of Antofagasta, 2,400 kilometres away.
The declaration was signed by Mohamed Hassan Alsuwaidi, UAE Minister of Investment; Rubén Ramírez, Minister of Foreign Affairs of Paraguay; Mauro Vieira, Minister of Foreign Affairs of Brazil; Alberto van Klaveren, Minister of Foreign Affairs of Chile; and Jorge Agustín Molina Arambarri, Ambassador of Argentina to the UAE, in the presence of several officials from the UAE Ministry of Foreign Affairs.
It also aims to increase the flow of agricultural products to Pacific Ocean ports and boost regional trade and tourism. Additionally, the project focuses on reducing container transportation costs, thereby diversifying regional markets and expanding trade opportunities with Asia and other regions around the world.
Related News
UAE Affirms Importance of Dialogue, Diplomacy and Adherence to International Law to Reinforce Regional Security and Stability
In light of the announcement regarding the agreement reached on a Memorandum of Understanding between the United States of America and the Islamic Republic of Iran, the United Arab Emirates affirms the importance of prioritizing dialogue and diplomacy, and adhering to international law, in a manner that reinforces regional security and stability.
View Details
Her Excellency Lana Nusseibeh Participates in Kultaranta Talks 2026 in Finland
On behalf of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, Her Excellency Lana Nusseibeh, Minister of State, attended the Kultaranta Talks 2026 in Naantali, Finland.
View Details
UAE Categorically Denies Media Reports Alleging Transfer of Funds to Iran
The United Arab Emirates has categorically denied reports published by certain international media outlets alleging the transfer of funds from the UAE to the Islamic Republic of Iran, including allegations concerning USD 3 billion.
View Details
His Excellency Saeed Al Hajeri Meets Prime Minister of New Zealand
His Excellency Saeed Al Hajeri, Minister of State, met with His Excellency Christopher Luxon, Prime Minister of New Zealand, on the sidelines of an official visit to New Zealand and his participation in the Fieldays event in Auckland.
View Details