Mexico is determined to strengthen
its cooperation with the United Arab Emirates, one of the most important
economic and trade centers in the world. This Business Forum is a great
opportunity to bring the economies of both countries closer and to explore new investment
and trade projects.
Opportunities in the bilateral
• The high level of
political dialogue that Mexico and the UAE have achieved in recent years
benefits the confidence to make investments.
• The strength of the UAE
economy and the favorable outlook for the Mexican economy open up new
opportunities for both.
• The United Arab Emirates
are Mexico’s third largest trading partner in the Middle East (after Saudi
Arabia and Israel, with a total trade of $564 million dollars in 2014).
• They are the second largest investor in Mexico in the Middle East (after
• There is a new Agreement
for the Promotion and Reciprocal Protection of Investments, which came into
force in 2014.
• This is enhanced by
Mexico’s trade liberalization and foreign investment in its energy sector,
which opened up broad opportunities for collaboration in the areas of oil and
natural gas extraction and production.
• A potential for
collaboration in agriculture and food processing has been identified.
Mexico’s Current Strengths
1. 1. Mexico is a
production platform with global reach, with an excellent geographical location;
biological mega-diversity; and a growing logistics infrastructure.
• It is the 5th largest
country in America and the 14th largest worldwide (the UAE ranks 115th
• It is a bridge between North
America and Latin America and between the Atlantic and Asia-Pacific.
• The port, road and rail
network are being expanded and modernized.
2. It is a country with a
stable reliable economy and institutions.
• Sound public finance (debt:
46.9% of the GDP vs. 87.6% 87.6% in the G20.
• Autonomous monetary policy
(inflation at recod low).
• Flexible exchange rate
and robust banking system.
3. Mexico has talent and
human capital: It has a large, increasingly well trained youth population, with
the creativity and energy to succeed.
• 11th largest world
population (120 million, 50% are 27 years old or less).
• Every year, more than
100,000 engineers and technologists graduate.
• Education Reform and
growing investment in science and technology.
4. It is a country on the
rise: it has an open, competitive economy.
• 15th largest global
economy; in the past five years, it has grown 3.3% annually.
• 11 FTAs with 46
countries: access to more than 1.150 billion people.
• TPP negotiating country.
• Leading exporter of flat
screens and fridges with freezers.
• 7 largest producer and
4th largest exporter of vehicles.
• Dynamic aerospace
industry: it is growing at an annual rate of 15.3% (av. 2006-2014).
• According to the global
consultancy firm A.T. Kearney, Mexico is the world’s ninth most attractive and
reliable country for investment.
5. Mexico is being
transformed: it is building a modern, competitive economy; a society of
opportunities and increasing revenue.
• 13 structural reforms. 6
strengthen the productivity and competitiveness of our economy: Labor; Finance;
Antitrust; Telecommunications; Tax and Energy, the most important economic
change in recent decades.