The state visit that begins today in Saudi Arabia
is designed to, “Find opportunities and continue to project an open Mexico that
wishes to interconnect with the different regions of the world that wish to
promote their opportunities for development and growth in economic activities
and strengthen their friendship with other world regions.
The two countries signed nine bilateral
instruments, including the following:
• Agreement to Avoid Double Taxation; • Agreement
between development banks to finance exports.
• Air Services Agreement
and Tourism Cooperation Agreement; • Memorandum of Understanding on Cooperation
in the Oil and Gas Sector.
Competitive advantages of Mexico
Mexico is a production
platform with global reach, with an excellent geographical location; biological
mega-diversity; and a growing logistics infrastructure.
Mexico has a stable, reliable
economy and institutions.
Mexico has talent and human
capital: It has a large, increasingly well trained youth population; with the creativity
and energy to succeed.
15th largest global
economy; which has grown 3.3% annually in the past five years; 11 FTAs with 46
countries. access to more than 1.15 billion people; leading exporter of flat screens
and refrigerators with freezers; 7th largest producer and 4th largest
exporter of vehicles and a thriving aerospace industry:
growing at an annual rate
of 15.3% (av. 2006-2014).
The global consulting firm AT and the United Nations Conference on Trade and Development rates Mexico
as the world’s 9th most attractive and reliable country for foreign direct