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 understanding:

1. Letter of Intent between the Mexican Ministry of Foreign Affairs and the Qatar Foundation for Education, Science and Community Development.

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.