· We have a great similarity with the UAE, which, with great vision, is preparing to face the great challenges of the future, as Mexico is doing.

· The two countries are already working to achieve greater links to leverage the opportunities for reciprocal investment, he announced.

· President of the Chamber of Commerce and Industry of Dubai Majid Saif Al Ghurair highlighted his country’s interest in the opening of the Mexican economy and the structural reforms achieved in recent years.

· Several cooperation agreements were signed, including one for the reciprocal protection of investments, one on clean energy and another on the exchange of information and best practices between PEMEX and Abu Dhabi National Oil Company.

· Mexico is a very important trading partner for us: Majid Saif Al Ghurair, President of the Dubai Chamber of Commerce and Industry.

During his participation in the United Arab Emirates-Mexico Business Forum, in this city, as part of his tour of the countries in the Arabian Peninsula, President Enrique Peña Nieto said: “We are a country that is open to the world that does not plan to remain isolated from the global environment that marks our era today.”

“Mexico is a country on the rise. it has an open, competitive economy,” he declared. He announced that Mexico is already working with the United Arab Emirates to achieve greater connectivity to ensure greater rapprochement between the two countries and thereby explore and exploit the business opportunities and investment between Mexican businessmen and this part of the Middle East.

No doubt, he added, interconnection and the apparent reduction of geographical distances today as a result of the increased connectivity in the world; technological advancement, and global trade are what provide development opportunities and well-being for the world’s societies.

He explained that Mexico is a country that has been promoting structural changes in order, first, to open up and create rights for Mexican society and, second, to promote activities in the economic order.

He said that Mexico and the United Arab Emirates share a vision of the future and seek to advance by recognizing the major challenges the world will face in the coming years and by promoting the model of openness that the two countries have adopted.

Accompanied by business leaders of Mexico and members of his Cabinet, the Mexican president led the Bilateral Business Forum with President of the Chamber of Commerce and Industry of Dubai Majid Saif Al Ghurair, who stressed his country's interest in the opening of the Mexican economy, which currently has  approximately 50 trade agreements and has undertaken key structural reforms.

President Enrique Peña Nieto and Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum witnessed the signing of 13 bilateral cooperation agreements and memoranda of understanding, among which the Agreement for the Promotion and Reciprocal Protection of Investments, and a Memorandum of Understanding on Clean Energy and Energy Issues Related to Climate Change.

They also witnessed the signing of a non-binding Memorandum of Understanding and Cooperation Agreement between PEMEX and Abu Dhabi National Oil Company, to exchange information and best practices and undertake joint projects to streamline operations and make them cleaner.

As he explained the strengths Mexico offers the world as an investment destination, reliable and a destination where the UAE will find opportunities to expand their investments, President Enrique Peña Nieto said that our country has achieved economic stability in recent years.

“For over 20 years, we have enjoyed great economic stability; sound public finances; a debt that is well below the average of the Group of 20 countries, comprising the world’s most developed economies; which certainly gives us great economic strength,” he said.

He explained that an Education Reform has recently been promoted  to train human capital and raise the quality of education. “Meanwhile here, the UAE are also promoting a vision which, beyond their own strengths, shows that the greatest strength, the greatest asset we have as a nation is and depends mainly on the education these and future generations will receive,” he said.

He added that in this respect, we have a great similarity with the UAE, which, with great vision, is preparing to face the great challenges of the future, as Mexico is doing. And it does so precisely by recognizing that human capital and the training of human capital is key to the strength and future development of our nations.”

He said that according to global consultancy firms, Mexico is now one of the world’s most attractive and reliable countries, while the OECD has acknowledged that Mexico is the country that has achieved the greatest number of structural reforms in various fields in the past three years.

He confirmed that, “Although today we are working to get to know each other better, to explore opportunities for mutual investment and reciprocal investment between our countries, to know the strengths of Mexico and this region so that we can create conditions of empathy and opportunity, it is also true that we are seeking and already working on achieving greater connectivity.” 

President Enrique Peña Nieto said that interest has been expressed in, “Seeking direct connectivity, which will bring us closer, because when there is better communication between two nations, better connectivity, there is undoubtedly opportunity for our entrepreneurs to get to know each other better and discover the opportunities Mexico and this region can have for those involved in business.”

Therefore, he hoped that the United Arab Emirates-Mexico Business Forum will be the first meeting and a space of opportunity and mutual understanding between entrepreneurs in Mexico and the UAE, “That they will be able to break the ice, as we say in Mexico; they will be able to get to know each other better, talk and discuss what is happening in Mexico and in this part of the world.”

SIGNIFICANT LINKS ARE BEING ESTABLISHED WITH MEXICO TO CREATE A FAVORABLE ENVIRONMENT FOR BUSINESS DEVELOPMENT: MAJID SAIF AL GHURAIR

Majid Saif Al Ghurair, President of the Chamber of Commerce and Industry of Dubai,  said that for years Dubai has worked to establish significant links with Mexico and to create a favorable business environment to support the development of businesses and promote the city as an international business center.

“The economic benefits of the Mexican market due to its sound macroeconomic policies, its global program of structural reforms and free trade agreements with over 50 countries and its strategic location make it a key trading partner for the UAE and for Dubai, in particular,” he said.

He added that, “Mexico is a very important trading partner for us” and given that it is also, “A popular tourist destination,” he suggested that “Our efforts could help create new opportunities for mutual collaboration.”

Signing of Agreements

Later, after meeting with Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai at Zaabeel Palace, President Enrique Peña Nieto and his host witnessed the signing of the following agreements, which are promoting bilateral relations:

1. Agreement between the Mexican Government and the Government of the United Arab Emirates for the Promotion and Reciprocal Protection of Investments.

2. Memorandum of Understanding on Tourism Cooperation between the Mexican Ministry of Tourism and the National Council of Tourism and Antiquities of the United Arab Emirates.

3. Memorandum of Understanding to Enhance Cooperation in Clean Energies and Energy Affairs related to Climate Change, between the Mexican Ministry of Energy and the Ministry of Foreign Affairs of the United Arab Emirates.

4. Memorandum of Understanding between the Mexican Ministry of Energy and the Ministry of Energy of the United Arab Emirates on Cooperation in the Energy Sector.

5. Memorandum of Understanding on Cultural and Artistic Cooperation between the Mexican Ministry of Culture and the Ministry of Culture, Youth and Community Development of the United Arab Emirates.

6. Memorandum of Understanding between the Mexican Ministry of Public Education and the National Council of Science and Technology (CONACYT) and the Ministry of Higher Education and Scientific Research of the UAE to Promote Cooperation in the Areas of Higher Education and Scientific Research.

7. Cooperation Agreement for the Establishment of a Joint Scholarship Program between the National Council of Science and Technology (CONACYT) and the Masdar Institute for Science and Technology.

8. Memorandum of Understanding between the Federation of Chambers of Commerce and Industry of the United Arab Emirates and the Mexican Business Council of Foreign Trade, Investment and Technology, for Cooperation.

9. Non-binding Memorandum of Understanding and Cooperation between PEMEX and Abu Dhabi National Oil Company (ADNOC).

10. Non-binding Memorandum of Understanding and Cooperation Agreement between PEMEX and Mubadala Petroleum LLC.

11. Memorandum of Understanding between the National Bank of Foreign Trade and the Dubai Economic Council.

12. Memorandum of Understanding between the National Bank of Foreign Trade and Emirates National Bank of Dubai.

13. Cooperation Agreement between the National Bank of Foreign Trade, and Emirates Development Bank.