UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan; Luiz Inácio Lula da Silva, President of the Federative Republic of Brazil; and Santiago Peña, President of the Republic of Paraguay; witnessed the signing of a joint declaration for cooperation regarding the Bi-Oceanic Corridor. This took place during the UN Climate Change Conference (COP28) held at Expo City Dubai.
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.
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