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