Event Organized by Mexican Business Council for Foreign Trade, Investment and Technology (COMCE)
The governments and chambers of commerce from Mexico and the United Arab Emirates (UAE) expressed interest in deepening their economic relations 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’s Minister of State for Foreign Trade, highlights Mexico’s strategic importance
Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, stated that Mexico serves as a strategic platform for Emirati exporters to access Latin America, while UAE offers Mexico a gateway to Asia and Africa.
Proposals for Collaboration in Key Sectors
According to a statement from COMCE released on Monday, Al Zeyoudi proposed consolidating alliances in innovation, tourism, infrastructure, logistics, and semiconductors. He reiterated UAE’s interest in establishing a long-term trade relationship with Mexico.
Sergio Contreras, COMCE’s CEO, noted that trade between the two countries nearly doubled in the last decade. In 2024, Mexico exported goods worth $666 million to UAE, while its imports from the nation amounted to $697 million.
Contreras suggested a new phase of collaboration in sectors such as clean energy, water technology, and electromobility.
Memorandum of Understanding Signed
Luis Rosendo Gutiérrez, Mexico’s Deputy Secretary of Foreign Trade, highlighted the signing of a Memorandum of Understanding with the Federation of UAE Chambers of Commerce & Industry to establish a joint Business Council.
Gutiérrez explained that the agreement aims to promote cooperation in trade, investment, and industrial sectors. He emphasized that this alliance responds to a new phase, centered on economic security and strategic collaboration.
Mexico’s Growing Ties with UAE
Francisco Cervantes, President of the Coordinating Business Council (CCE), acknowledged that Mexico is already UAE’s second Latin American partner and seeks to expand its exports in sectors like agrofood and manufacturing.
Cervantes also recognized the value of UAE’s best practices in infrastructure, energy, and digitalization.
Key Questions and Answers
- Who are the key figures mentioned? Thani bin Ahmed Al Zeyoudi (UAE’s Minister of State for Foreign Trade), Sergio Contreras (COMCE’s CEO), Luis Rosendo Gutiérrez (Mexico’s Deputy Secretary of Foreign Trade), and Francisco Cervantes (President of the CCE).
- What is the main focus of the event? Deepening economic relations between Mexico and UAE through collaboration in various sectors.
- What specific sectors were proposed for collaboration? Innovation, tourism, infrastructure, logistics, semiconductors, clean energy, water technology, and electromobility.
- What was signed during the event? A Memorandum of Understanding between Mexico and the Federation of UAE Chambers of Commerce & Industry to establish a joint Business Council.
- What is Mexico’s current standing with UAE in terms of trade? Trade between the two countries has nearly doubled in the last decade, with Mexico exporting goods worth $666 million to UAE in 2024 and importing goods valued at $697 million.
