Al Zeyoudi discusses boosting economic trade with Mexican delegation

Al Zeyoudi discusses boosting economic trade with Mexican delegation

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has welcomed a delegation of senior government officials from Mexico as the two nations explore greater trade and investment opportunities.

At the Ministry of Economy in Dubai, Dr. Al Zeyoudi held discussions with Carmen Moreno Toscano, Mexico’s Under-Secretary of Foreign Affairs; Gabriel Urio González, Deputy Minister of Finance and Public Credit; and Luis Alfonso de Alba Góngora, Mexico’s Ambassador to the UAE, highlighting the potential for mutually beneficial partnerships in sectors such as food security, advanced technology, infrastructure, financial services, agriculture and professional services.

Al Zeyoudi heralded the robust relations between the UAE and Mexico, which are continuing to create avenues for cooperation and collaboration. “Today, the UAE is Mexico's largest trading partner among Arab and African countries, while Mexico is the UAE's second-largest trading partner in Latin America. Bilateral non-oil trade surpassed AED7.8 billion (US$2.1 billion) in 2022, marking impressive growth of 36 percent compared to 2021, and significant increases of 56 percent and 49 percent compared to 2020 and 2019 respectively.

“The meeting with the Mexican delegation helped to shed light on numerous valuable opportunities to further strengthen economic cooperation between our nations and foster increased investment and trade