UAE keen to boost trade relations with Mexico

27/03/2017 05:32 AST

Eng. Sultan Bin Saeed Al Mansoori, Minister of Economy, recently received Francisca Elizabeth Mendez Escobar, Mexico’s new Ambassador to the UAE, with whom he discussed ways to enhance cooperation in a number of priority areas for both countries.

The meeting held at the Ministry’s Dubai headquarters 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 Mansoori said that the UAE is committed to further strengthening trade and economic relations with Mexico and maximizing the potentials of their partnership. He 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.

Eng. Al Mansoori further emphasized 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, Ms. Escobar 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.

The Gulf Today