Page 632 - MOE ENGLISH PR REPORT - JANUARY 2025

1/21/25, 2:32 PM Al-Zeyoudi meets with the Ministers of Foreign Affairs and Economy during an official visit to Mexico City - Middle East Business Ne…
with senior Mexican officials and business leaders opportunities to increase collaboration and
build new partnerships between the two countries.

In the presence of His Excellency Salem Rashid Al Owais, the UAE Ambassador to Mexico, HE Al
Zeyoudi held bilateral meetings with His Excellency Juan Ramon de Lafuente, Minister of
Foreign Affairs, and His Excellency Marcelo Ebrard Casaubon, Minister of Economy.

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% 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% increase

compared to the same period in 2023.

In his meeting with the Mexican Minister of Economy, HE 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.

HE 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. HE 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, HE 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

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