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1/21/25, 2:31 PM UAE, Mexico continue to strengthen trade, investment ties – UAE Business and Travel Insights – TotalUAE.com

During the meetings, prospects for increased cooperation in sectors of mutual interest were discussed, along with
strategies to further increase 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 US$2.6 billion, compared to
US$2.1 billion in 2022. The positive trajectory continued in the first ten months of 2024, rising to US$2.2
billion, a 1 percent increase compared to the same period in 2023.

In his meeting with the Mexican 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 emphasised 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.

Al Zeyoudi said, “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.”

During the visit, Al Zeyoudi met with a group of senior officials in Mexico, including Francisco Cervantes,
President of the Confederation of Industrial Chambers of Mexico (CONCAMIN). The two sides explored
opportunities to strengthen private sector relations and partnerships that would further enhance the growing trade
and investment ties between the two countries.

Al Zeyoudi also met with José de Jesús Rodríguez Cárdenas, President of the National Chamber of Commerce,
Services, and Tourism, to discuss potential areas of collaboration, attractive investment opportunities in each
country, and ways to support and facilitate businesses seeking to expand into both markets.

Additionally, Al Zeyoudi held meetings with numerous businessmen and representatives from leading Mexican
companies to identify avenues for deeper economic cooperation.

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