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

1. Mexico is a production platform with global reach, with an excellent geographical location; biological mega-diversity; and a growing logistics infrastructure.

2. Mexico has a stable, reliable economy and institutions.

3. Mexico has talent and human capital: It has a large, increasingly well trained youth population; with the creativity and energy to succeed.

4. 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 investment.