The UAE and Mexico continue to advance their trade and investment relations

Mexico City, 11 January / WAM / The United Arab Emirates and the United Mexican States continue their efforts to advance trade and investment relations to new heights by continuing to explore opportunities to build partnerships between the business communities and the private sector on both sides.

During an official visit to the capital, Mexico City, His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, discussed with senior officials and business leaders in Mexico ways to provide more opportunities for building partnerships between the two friendly countries.

Al Zeyoudi, in the presence of His Excellency Salem Rashid Al Owais, UAE Ambassador to Mexico, held bilateral meetings with His Excellency Juan Ramon de Lafuente, Minister of Foreign Affairs, and His Excellency Marcelo Ebrard Casaubon, Minister of Economy, during which they discussed prospects for cooperation in sectors of common interest, and exchanged visions and ideas on ways to Stimulating the growth of non-oil trade, which has been on an upward trend for years, rising by 20.8% to US$2.6 billion in 2017. 2023 compared to 2.1 billion US dollars in 2022, while the two countries’ trade continued to flourish in 2024, rising by 1% to 2.2 billion dollars during the first ten months of 2024 compared to the same period in 2023.

Al-Zeyoudi discussed with the Mexican Minister of Economy opportunities for cooperation and stimulating non-oil trade between the two countries to contribute to achieving joint growth, in addition to supporting partnerships between the private sectors in the two countries in promising fields such as agriculture, industry, services, infrastructure and tourism, as well as ways to strengthen supply chains to serve common interests. For both sides.

His Excellency Dr. Thani bin Ahmed Al Zeyoudi stressed that there is a common will and mutual keenness between the UAE and Mexico to raise trade and investment relations to the level of the ambitious development goals of the two friendly countries, especially since there are several areas of economic integration between the two sides, through the creation of a trade and investment corridor between two important growth regions. In the world.

His Excellency said that the continuous growth in non-oil trade between the UAE and Mexico over the past years confirms that there are promising prospects for developing new partnerships between the two business communities to stimulate mutual growth in the two friendly countries, thus opening broader horizons for trade and investment cooperation in many sectors.

During the visit, His Excellency Thani Al-Zeyoudi met with a group of senior officials in Mexico, including Francisco Cervantes, President of the Federation of Mexican Chambers of Industry (CONCAMIN), where the two sides explored opportunities to strengthen relations and create partnerships between the private sectors on both sides, in line with the successive positive developments in trade and investment relations between them. The two countries.

His Excellency Al-Zeyoudi also discussed with Jose de Jesús Rodriguez Cárdenas, President of the National Chamber of Commerce, Services and Tourism in Mexico City, ways to enhance cooperation in areas of mutual interest, the promising investment and commercial opportunities available in both the Emirates and Mexico, and ways to facilitate business for companies wishing to expand and build new partnerships between the two sides. Dr. Thani Al-Zeyoudi also met with a number of businessmen and representatives of major Mexican companies.

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