UAE, Argentina, Brazil, Chile, and Paraguay agree to promote bioceanic corridor
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Published Dec 2, 2023
Argentina, Brazil, Chile, the UAE, and Paraguay have agreed to seek opportunities for a highway project that will link the port of Santos in Brazil with the Chilean ports of Arica and Iquique. This agreement, known as the "Joint Declaration on Cooperation linked to the Bioceanic Corridor," aims to deepen social, trade, and investment relations between the countries and accelerate economic activity in the region. The proposed road, expected to be completed by 2025, will cover approximately 2,200 kilometers and pass through multiple provinces in Argentina, Brazil, Chile, and Paraguay.
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The “Joint Declaration on Cooperation linked to the Bioceanic Corridor” agreed upon in the interest of “deepening social, trade and investment relations” provides for the “cooperation with the private sectors, to accelerate economic activity in the interest of the parties, and to seek opportunities in the bioceanic corridor.” The document was signed by Foreign Ministers Mauro Vieira (Brazil), Alberto van Klaveren (Chile), Rubén Ramírez Lezcano (Paraguay), the UAE Minister of Investment, Mohamed Hassan Al Suwaidi; and Argentina's Ambassador to the UAE, Agustín Molina Arambarri in the presence of heads of state from the UAE, Paraguay, and Brazil. “The integration project will strengthen trade and economic development in the region, where Paraguay will be a major player,” Paraguayan President Santiago Peña wrote on X. Officials from the five countries joined the COP 28 debate in Dubai, where they took this step towards the consolidation of the Bi-Oceanic Corridor, a project that has ...