Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has engaged with senior Mexican officials and business leaders to explore opportunities for enhancing collaboration and establishing new partnerships between the two countries.
The United Arab Emirates and Mexico are strengthening their trade and investment ties, emphasizing promoting partnerships between their private sectors and business communities.
During the meetings, prospects for increased cooperation in sectors of mutual interest were discussed, along with strategies to increase further non-oil trade, which has seen sustained growth between the two countries in recent years.
In 2023, non-oil trade between the UAE and Mexico increased by 20.8 percent to $2.6 billion, compared to $2.1 billion in 2022. The positive trajectory continued in the first ten months of 2024, rising to $2.2 billion, a 1 percent increase compared to the same period in 2023.
In his meeting with Marcelo Ebrard Casaubon, Minister of Economy, Al Zeyoudi discussed how to encourage and support private-sector partnerships between the two countries in sectors such as agriculture, industry, services, infrastructure, and tourism. They also discussed strengthening supply chains to serve their mutual interests and support joint economic growth.
Al Zeyoudi emphasized the shared commitment between the UAE and Mexico to continue strengthening trade and investment flows in line with the ambitious economic goals of both nations and highlighted the potential for economic integration through the establishment of a trade and investment corridor.
“The continuous growth in non-oil trade between the UAE and Mexico in recent years underscores the vast potential for new partnerships between our business communities, opening the door to further opportunities for collaboration across numerous sectors that will drive mutual prosperity,” the UAE Minister further added.
