Three Nations Forge Pact to Streamline Trade Passage

Three Nations Forge Pact to Streamline Trade Passage

The United Arab Emirates (UAE), Brazil, and Paraguay inked a significant agreement on cooperation regarding the Two-Ocean Corridor during the recently concluded UN Climate Change Conference (COP28) held in Dubai. The pact, witnessed by the presidents of all three nations, signifies a major stride towards enhanced regional integration and improved logistical efficiency in South America. The Two-Ocean Corridor envisions a vital trade route connecting the Atlantic and […]

via Three Nations Forge Pact to Streamline Trade Passage

The United Arab Emirates (UAE), Brazil, and Paraguay inked a significant agreement on cooperation regarding the Two-Ocean Corridor during the recently concluded UN Climate Change Conference (COP28) held in Dubai. The pact, witnessed by the presidents of all three nations, signifies a major stride towards enhanced regional integration and improved logistical efficiency in South America.

The Two-Ocean Corridor envisions a vital trade route connecting the Atlantic and Pacific Oceans. The linchpin of the project is the Brazilian port city of Campo Grande, which will be linked to Paraguay and northern Argentina, culminating at the Chilean port of Antofagasta. Spanning a distance of approximately 2,400 kilometers, the corridor aims to revolutionize trade dynamics across the continent.

The declaration, signed by high-ranking officials from each country, outlines a collaborative