Page 630 - MOE ENGLISH PR REPORT - JANUARY 2025

Non-oil trade between the UAE and Mexico has seen steady growth, reaching US$2.6 billion in
2023, a 20.8% increase from 2022. This positive trend has continued in 2024, with trade rising to
US$2.2 billion in the first ten months, a 1% increase from the same period in 2023.
Expanding private sector partnerships

Al Zeyoudi and the Mexican Minister of Economy discussed supporting private-sector partnerships
in sectors like agriculture, industry, services, infrastructure, and tourism. They also addressed the
strengthening of supply chains to boost joint economic growth.

Commitment to economic integration

Both nations are committed to further strengthening their trade and investment flows. Al Zeyoudi
emphasised the potential for economic integration through the creation of a trade and investment
corridor that aligns with their respective economic goals.

Meetings with Mexican business leaders

During his visit, Al Zeyoudi met with several senior officials, including Francisco Cervantes,
President of the Confederation of Industrial Chambers of Mexico (CONCAMIN). The meetings
focused on enhancing private-sector relations and exploring new opportunities for collaboration
between the business communities of both countries.

Al Zeyoudi also held discussions with José de Jesús Rodríguez Cárdenas, President of the National
Chamber of Commerce, Services, and Tourism, to identify attractive investment opportunities and
ways to support businesses expanding into both markets.
Strengthening economic cooperation

Throughout the visit, Al Zeyoudi met with various businessmen and representatives from prominent
Mexican companies to identify areas for deeper economic cooperation and continued growth in
trade and investment.

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