Page 654 - MOE ENGLISH PR REPORT - JANUARY 2025

1/21/25, 2:34 PM UAE, Mexico continue to strengthen trade, investment ties
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 Jose de Jess Rodriguez Cardenas, 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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