Mexico, UAE Seek to Deepen Economic Ties

A Memorandum of Understanding was signed between the UAE Ministry of Investment and Mexico’s Ministry of Economy to strengthen cooperation in trade, investment, and industrial sectors, marking the beginning of a new phase centered on economic security and strategic partnership.

During an event organized by the Mexican Business Council for Foreign Trade, Investment, and Technology (COMCE) in Mexico City, Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, emphasized Mexico’s role as a strategic platform for Emirati exporters to access Latin America, while positioning the UAE as Mexico’s gateway to Asia and Africa. Al Zeyoudi also called for the development of partnerships in innovation, tourism, infrastructure, logistics, and semiconductors, reaffirming the UAE’s commitment to a long-term commercial relationship with Mexico.

Sergio Contreras, CEO, COMCE, highlighted that trade between the two countries nearly doubled over the last decade. In 2024, Mexico exported goods valued at US$666 million to the UAE, while imports from the UAE reached US$697 million. Contreras proposed expanding cooperation into emerging sectors such as clean energy, water technology, and electromobility.

Francisco Cervantes, President, Business Coordinating Council (CCE), noted Mexico’s position as the UAE’s second-largest partner in Latin America and outlined plans to boost exports in the agrifood and manufacturing sectors. He also recognized the importance of Emirati expertise in infrastructure, energy, and digital transformation. The forum concluded with a shared commitment to foster a more integrated, diversified, and sustainable economic partnership between both nations.