Page 659 - MOE ENGLISH PR REPORT - JANUARY 2025

1/21/25, 2:34 PM UAE, Mexico Continue To Strengthen Trade, Investment Ties - UrduPoint
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.

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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.”

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