UAE committed to boost trade and economic relations with Mexico

Abu Dhabi / WAM

The UAE is committed to further strengthening trade and economic relations with Mexico and maximising the potentials of their partnership, said Sultan bin Saeed Al Mansouri, Minister of Economy, during a meeting with Francisca Escobar, Mexico’s Ambassador to the UAE.
The meeting held at the Ministry’s headquarters in Dubai discussed ways to enhance cooperation in a number of priority areas for both countries and touched on the results of the recent visit of a UAE delegation to Mexico headed by the Minister, which identified various priority sectors of mutual interest for
cooperation between the two countries.
The two sides affirmed the importance of strengthening cooperation in the aviation sector because of its direct impact on the availability of broader trade and tourism opportunities.
Al Mansouri noted that their bilateral foreign trade has been growing significantly, with their non-oil trade in particular exceeding USD 1 billion inclusive of trade in the free zones during the first nine months of 2016.
He added that the recent visit of the delegation to Mexico last November highlighted a number of promising sectors for future partnerships and joint investments between the two countries, most notably agriculture, food and tourism – the latter of which he noted has strong potential for achieving significant growth in the next phase.
He further emphasised that practical steps should be taken to reinforce cooperation in the aviation sector which he explained will have a direct impact on establishing linkages and promoting advanced levels of trade and tourism exchange. He added that the two sides can cooperatively explore many other promising markets in the Arab region and in Latin America.
For her part, the Mexican ambassador expressed her pleasure to represent her country to the UAE in light of the Emirates’ distinguished regional and international standing at all levels. She added that Mexico looks forward to further enhancing the exchange of trade and economic delegations between their countries. She said that such interactions will bring their business communities closer and enable the exploration of prime opportunities for further developing their trade and investment ties.