wishes to form links with other parts of the world and enhance its
opportunities for development and economic growth, he said.
· It is a
country with stable, reliable institutions, he declared
· Mexico is
open to the world and a meeting point with other nations, he stated.
president participated in the Bilateral Business Forum, the first activity in
his state visit to Saudi Arabia.
· He outlined
the strengths of our country it wishes to project to the world.
participation in the Bilateral Business Forum, Mexican President Enrique Peña
Nieto said that during the state visit to Saudi Arabia that begins today, “We
will sign various agreements to expand cooperation between our countries, but
above all, we wish find greater opportunities for rapprochement and economic
relations in areas such as energy, infrastructure and trade, in which both
countries undoubtedly have greater potential.”
“We will sign
agreements to avoid double taxation; agreements on air services and tourism
cooperation and a memorandum of understanding for cooperation in the oil and
gas sector,” he told businessmen from Saudi Arabia and Mexico.
explained that the state visit to various countries in the Arabian peninsula
that begins today in Saudi Arabia is designed to, “Find opportunities and
continue to project an open Mexico that wishes to interconnect with different
parts of the world and seeks to promote its opportunities for development and
growth in economic activities and to strengthen its friendship with other world
Peña Nieto said Mexico now has different strengths to project:
“It is a
country that is open to the world, where the economic model we have been
promoting is designed to turn our country into a meeting point with various
nations and expand trade and economic relations between Mexico and the world to
ensure well-being with the countries with which we have relations and for our
own country, and to make trade liberalization an engine of economic growth and
He also noted
that, “Mexico is a productive platform with global reach. With a unique geographical location; we are a
bridge to North America, Latin America, Europe and the Asia-Pacific region.”
He noted that
Mexico is a megadiverse country, with the fifth largest territory in Latin
America, and fourteenth largest worldwide.
he continued, it has “a growing logistics infrastructure that allows us to
expand our position as a bridge to different parts of the world.” Mexico, he added, is “a country with stable and
reliable institutions, whose stability has steadily increased.”
Mexico has sound public finances, debt levels far below the average for G20
countries; an independent monetary policy and a flexible exchange rate,
together with a robust banking system,” he said.
president said that, “Mexico is a country with a predominantly young human
capital, where 50 percent of our population is 27 years old or less. In our country, 100,000 engineers and technologists
graduate annually, and we have also been promoting Education Reform to provide
quality education for present and future generations.”
“Mexico is a
nation on the rise, it is an open, competitive economy; the fifteenth largest
global economy, and in the past five years, it has experienced average annual
growth of 3.3 percent. We have also signed 11 free trade agreements with 46 countries in
different regions, giving us access to a potential market of 1.15 billion
consumers,” he explained.
”We have gone
from being a country that predominantly exports raw materials, particularly oil
and mining to one that predominantly exports manufactured goods with an
increasingly high added value,” he said.
that, “Mexico is now the world’s leading exporter of flat screen televisions
and refrigerators with freezers; the seventh largest producer of vehicles and
the fourth largest exporter of vehicles. Our aerospace industry has experienced annual
growth of over 15 percent.”
Peña Nieto noted that in the past three years, Mexico, “Has promoted major structural changes to
destroy the paradigms and models that allow us to break down barriers and
achieve faster economic growth.”
“We have opened up areas of
our economy that were previously closed or state monopolies to private sector
participation. Energy Reform
undoubtedly enhances the opportunity to exploit our energy resources with
private sector participation and investment from sister nations that also have
experience in these fields,” he explained.
added that Telecommunications Reform has also opened up this sector to private
He said that,
“Our country has received increasing amounts of Foreign Direct Investment,
particularly in recent years. Indeed, in these past three years of the administration I lead,
investments of nearly $92 billion USD have been received.”
that, “Tourism, infrastructure and real estate development in Mexico are
experiencing greater growth, as borne out by the fact that we have received
five thousand Saudi visitors, a figure that is still well below the total potential
Peña Nieto said that Mexico is now considered among the world’s top 10 tourist
destinations. He noted that the updated figures for 2015 show
that we may have received over 30 million tourists.
that coffee, fruit, vegetables and other quality foods are Mexican products
that are able to participate in the Saudi market.
of Mexico wished the Bilateral Business Forum, taking place within his state
visit to Saudi Arabia, every success.
WE WISH TO DISCOVER NEW HORIZONS FOR MUTUAL COOPERATION AND TO CREATE
PARTNERSHIPS TO CREATE STABLE LINKS BETWEEN MEXICO AND SAUDI ARABIA: COUNCIL OF SAUDI CHAMBERS
Abdulrahman Al Zamil, Chairman of the Council of Saudi Chambers said that they
are seeking to discover “new horizons for mutual cooperation, and encourage
stable, successful partnerships between entrepreneurs from the two countries.”
He said that
Mexico, “Is one of the North American countries that has grown most
economically. Its economy is based on promising sectors that can
develop relations between the two countries, including trade, industry,
services and agriculture.”
He said that
agriculture is of particular interest for the Saudi economy and those of all
the countries in the Arab region and “is
in line with Saudi Arabia’s efforts to ensure long-term food security for its
MEXICO AND SAUDI ARABIA have agreed a
PRODUCTIVE trade integration that will contribute to the growth of our
Economy Ildefonso Guajardo Villarreal said that the agreement to be signed
between the Mexican Business Council for Foreign Trade and the Council of Saudi
Chambers will play a strategic role in channeling and identifying the path along
which we must continue to take advantage of the business opportunities between
said, “Saudi Arabia and Mexico are able to converge in the economic context. The two countries have economies in which oil plays
an important role, so I am sure there will be many experiences we can share.”
”In the past
four decades,” he explained, “our nations have experienced profound development
processes that today position them as the leading economic powers in their
regions. Saudi Arabia is the largest economy in the Middle
East while Mexico is the leading exporter in Latin America.”
palpable sign of growth experienced by our countries can be seen in trade. Mexico is a leading exporter of agroindustrial
products, while Saudi Arabia is one of the world’s most important food
purchasers,” he added.
He noted that
both economies have strategic positions: Mexico in North America and Latin America while
Saudi Arabia has key regional leadership that will enable us to enter Middle
factors bring us together but must be developed to become the firm foundation
of a successful relationship that creates opportunities and benefits for
companies from both countries.