The United Arab Emirates and Mexico are working closely to boost trade and investment, aiming to create stronger partnerships between their business communities.

During an official visit to Mexico City, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, held discussions with top Mexican officials, including Juan Ramon de Lafuente, Minister of Foreign Affairs, and Marcelo Ebrard Casaubon, Minister of Economy. The meetings emphasized increasing non-oil trade and fostering partnerships in key sectors like agriculture, industry, services, infrastructure, and tourism.

The UAE’s non-oil trade with Mexico has been on the rise, growing by 20.8% in 2023 to reach $2.6 billion, compared to $2.1 billion in 2022. The positive trend continued in 2024, with trade reaching $2.2 billion in the first ten months of the year, a slight increase from the same period in 2023.

Dr. Al Zeyoudi also highlighted the possibility of establishing a trade and investment corridor to strengthen economic ties further. He stated, as reported by WAM, that the consistent growth in non-oil trade showcases the potential for new collaborations benefiting both nations’ economies.

The UAE delegation also met with key figures in Mexico’s business sector, such as Francisco Cervantes, President of the Confederation of Industrial Chambers of Mexico, and José de Jesús Rodríguez Cárdenas, President of the National Chamber of Commerce, Services, and Tourism. Discussions centered on expanding private-sector partnerships and identifying investment opportunities in both countries.

The visit also included talks with leading Mexican business representatives to explore ways to deepen economic cooperation and support companies looking to expand into each other’s markets. Both nations are committed to strengthening trade and investment ties, aligning with their broader economic goals.