UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi has discussed trade and investment opportunities with a delegation of senior government officials from Mexico.
According to the statement, the two sides discussed the potential for mutually beneficial partnerships in sectors such as food security, advanced technology, infrastructure, financial services, agriculture, and professional services.
“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 $2.1 billion (AED7.8 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 prospects for our respective business communities.”
“Our discussions were focused on supporting future growth between both sides and creating new avenues for investment, which will build upon the $251 million (AED922 million) that the UAE already has committed to Mexico,” Mr. Al Zeyoudi noted.
The UAE Minister also briefed the Mexican officials on the investment incentives provided by the UAE’s dynamic business environment, including 100 percent foreign ownership, streamlined business establishment procedures, and frictionless access to global markets offered by its Comprehensive Economic Partnership (CEPA) program, which has resulted in wide-ranging trade deals with India, Israel, Indonesia, and Türkiye.
Furthermore, Mr. Dr. Al Zeyoudi outlined the potential for Mexican business owners and entrepreneurs to leverage the advantages offered by the UAE’s NextGenFDI program, which provides market-entry fundamentals for future-focused enterprises, including rapid incorporation and licensing, bulk visa issuance, and access to banking facilities.