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
MoFA receives credentials copy from new Ambassador of the Republic of Uzbekistan
H.E. Omar Obaid Alhesan Alshamsi, Undersecretary of the Ministry of Foreign Affairs, received a copy of the credentials H.E.Umid Shadiv, Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to the UAE.
View Details
His Excellency Saeed Al Hajeri Meets President of Azerbaijan
His Excellency Saeed Al Hajeri, Minister of State, met with His Excellency Ilham Aliyev, President of the Republic of Azerbaijan, during a working visit to Azerbaijan.
View Details
UAE and Azerbaijan Hold Second Meeting of Comprehensive Strategic Partnership Cooperation Committee
The United Arab Emirates and the Republic of Azerbaijan held the second meeting of the Strategic Partnership Cooperation Committee in Baku, the capital of Azerbaijan.
View Details
Abdullah bin Zayed receives Canadian Prime Minister's Senior Advisor on Foreign, Defence & Security Policy
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has received Canadian Prime Minister's Senior Advisor on Foreign, Defence, and Security Policy, Scott Gilmore, to review regional developments.
View Details