Qatar and Mexico are two nations with strategic visions, which have
promoted an unprecedented level of dialogue in the past three years.
Qatar, one of the most dynamic
and fastest growing economies in the Middle East, has a GDP of $210 billion
USD and the highest per capita income in the world ($143,427 USD).
In the energy sector, it is a country with enormous experience: many investments are a result of its productive capacities
in this sector. It is also introducing innovations to shift to the generation
of clean energy.
Opportunities in bilateral relations
. Qatar is Mexico’s 4th largest trading partner in
the Middle East and its 5th largest investor ($2.7 million USD between 1999 and
2015) among the countries in this region.
· There is huge potential for cooperation to be explored, particularly in the energy,
automotive and tourism sectors.
· It is currently negotiating an Agreement
for the Promotion and Reciprocal Protection of Investments, which will
provide greater certainty to the investors of both countries.
Signing of Economic Agreements
The Mexican president and Qatari Emir Sheikh Tamim Bin Hamad Al Thani
witnessed the signing of various instruments of cooperation and memoranda of
1. Letter of Intent between the Mexican Ministry of
Foreign Affairs and the Qatar Foundation for Education, Science and Community
2. Cultural and Artistic Cooperation Agreement between
the Government of Mexico and the Government of Qatar.
3. Cooperation and Exchange of News Agreement between the
Mexican State News Agency and the Qatari News Agency.
4. Memorandum of Understanding on Cooperation in the
Energy Sector between the Mexican Ministry of Energy and the Ministry of Energy
and Industry of Qatar.
5. Cooperation Agreement in the Field of Education
between the Government of Mexico and the Government of Qatar.
6. Memorandum of Understanding on Cooperation in the
Field of Physical Culture and Sports between the Mexican National Commission of
Physical Culture and Sports and the Ministry of Youth and Sports of Qatar.
7. Memorandum of Understanding between ProMéxico and
the Supreme Committee of Supply and Heritage for the Promotion of Mexican
Companies Supplying Products and Services for the 2022 Qatar World Cup.
Earlier, during the Mexico-Qatar Business Forum, the
following memoranda were signed:
1. Memorandum of Understanding between the National
Bank of Foreign Trade and Doha Bank.
2. Memorandum of Understanding between the National
Bank of Foreign Trade and Qatar National Bank.
3. Memorandum of Understanding between the National
Bank of Foreign Trade and Commercial Bank of Qatar.