During a significant diplomatic visit, Sheikh Abdullah bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of Foreign Affairs, met with Marcelo Luis Ebrard, the Mexican Minister of Economic Affairs. This meeting, held in Mexico City, aimed to explore the potential for stronger economic and investment ties between the UAE and Mexico. The discussion highlighted shared interests and aspirations to enhance collaboration across vital sectors, including energy, advanced technology, and food security. The encounter underscored the importance of the relationship as both countries seek mutual growth and sustainable economic development.
Strengthening Bilateral Relations
During their meeting, Sheikh Abdullah emphasized the depth of UAE-Mexico relations and the mutual commitment to establishing a robust economic partnership. “We are focused on building a collaboration that supports our shared interests and contributes to comprehensive development and sustainable economic prosperity in both nations,” he remarked. This statement reflects a broader intention to not only foster diplomatic relations but also to catalyze economic growth through strategic partnerships.
Investment Cooperation Agreements
As part of the working visit, a memorandum of understanding was signed between the UAE Ministry of Investment and the Mexican Ministry of Economy. This agreement aims to enhance investment cooperation between the two countries, highlighting the commitment to facilitate and promote mutual investments. The memorandum was signed by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Marcelo Luis Ebrard, Minister of Economic Affairs, marking a significant step towards deeper economic integration.
Establishment of Joint Business Council
In addition, an agreement was reached to establish a joint UAE-Mexican business council. This initiative aims to promote collaboration among business communities from both nations. The pact was signed by Saeed Mubarak Al-Hajeri, Assistant Minister of Foreign Affairs for Economic and Trade Affairs, and Sergio Contreras, CEO of the Mexican Council for Foreign Trade, Investment, and Technology. This council will serve as a platform for fostering dialogue and cooperation between UAE and Mexican businesses.
Comprehensive Economic Partnership Framework
Furthermore, the meeting included discussions on the terms of reference for negotiating a comprehensive economic partnership agreement between the UAE and Mexico. This framework, signed by Dr. Thani bin Ahmed Al Zeyoudi and Marcelo Luis Ebrard, signifies a commitment to expanding the economic relationship and exploring new avenues for growth in various sectors.
The meeting was attended by key figures, including Reem Bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and other notable officials from both countries. This high-level gathering not only reflects the importance of the UAE-Mexico relationship but also signifies a forward-looking approach to fostering enduring economic partnerships.