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1/21/25, 2:33 PM UAE and Mexico look to boost $2.6bn trade relations - Arabian Business: Latest News on the Middle East, Real Estate, Finance, an…
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.
UAE Mexico trade
In 2023, non-oil trade between the UAE and Mexico increased by 20.8 per cent to $2.6bn,
compared to $2.1bn in 2022.
The positive trajectory continued in the first ten months of 2024, rising to $2.2bn, a 1 per
cent increase compared to the same period in 2023.
In his meeting with Marcelo Ebrard Casaubon, 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.
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