On January 11, 2025, Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, visited Mexico City to enhance trade and investment relations between the UAE and Mexico. During his visit, Al Zeyoudi engaged with senior officials, including Juan Ramon de Lafuente and Marcelo Ebrard Casaubon, to discuss opportunities for collaboration [a6b3a147].
The non-oil trade between the UAE and Mexico saw a significant increase of 20.8% in 2023, reaching a total of $2.6 billion. In the first ten months of 2024, trade continued to grow, amounting to $2.2 billion, which marks a 1% increase compared to the previous year [a6b3a147]. Al Zeyoudi emphasized the potential for economic integration and the establishment of new partnerships, particularly in sectors such as agriculture, industry, services, infrastructure, and tourism [a6b3a147].
This visit follows a recent session of the UAE-Bahrain Joint Higher Committee held on November 24, 2024, where H.H. Sheikh Abdullah Bin Zayed Al Nahyan highlighted the strong diplomatic and economic relationship between the UAE and Bahrain. The non-oil trade between the two nations exceeded $7.5 billion in 2023, reflecting their deep economic collaboration [f830e210]. Four Memoranda of Understanding were signed during that session, focusing on various sectors, including civil aviation and tourism [f830e210].
Both developments underscore the UAE's strategic approach to strengthening its economic ties not only within the Gulf region but also with countries like Mexico, enhancing its role as a pivotal player in international trade [a6b3a147][f830e210].