Mexico November 26, 2016 - The Capital of Mexico City hosted recently a prominent roundtable conference between the UAE and the Republic Mexico.The UAE delegation was headed by H.E. Eng. Sultan bin Saeed Al Mansouri, Minister of Economic climate, with H.E. Ahmed Hatem Al Menhali, UAE Ambassador to Mexico, present.

Mexico, on the other hand, was represented by Francisco Gonzalez Diaz, Chief Executive Officer of ProMxico, a trust fund of the Mexican Government that promotes global trade and financial investment, and Maria Aegina Sezer, Executive Director of the Mexican Firm for International Development Collaboration.

The participants talked about means to boost economic and trade teamwork in addition to the exchange of financial investments in between the UAE and Mexico. They revealed their hopes and passions for additional sustaining bilateral ties in light of the great potential of both parties which they concurred will certainly cause even better relations and the opening of larger perspectives for the benefit to the two countries and their peoples.

In his opening speech, H.E. Al Mansouri commended the solid financial ties binding the UAE and Mexico, noting their exceptional trade and circulation of financial investments, goods and services. He explained that non-oil trade in between the two nations amounted up to concerning USD 1.5 billion in 2015, while complete trade quantity between both nations getting to USD 431.3 million during the first half 2016. The Minister likewise noted that their nations have actually authorized numerous contracts in the locations of aviation, the avoidance of dual taxes on income, and the support and defense of financial investments in air transportation.

H.E. Al Mansouri described that trade, logistics services, tourist, aviation, agriculture and food markets are major economic priorities for both countries.Henoted too Mexico's status as a key member of the Pacific Alliance, an economic bloc making up Colombia, Peru and Chile which has actually had a highly positive influence on Latin The U.S.A.. The Minister emphasized the opportunity of the Alliance building an outstanding and essential partnership with the Middle East.

In terms of the UAE's distinct basic strengths in the areas of business and investment, H.E. Al Mansoori described the exceptional support of the UAE's smart leadership, a beneficial governing atmosphere for foreign business, the UAE's calculated geographical place, economic stability, tax obligation exemptions, legislation and regulative frameworks. He kept in mind that these are extremely encouraging of all sort of businesses, a multicultural and multinational workforce, and first-rate infrastructure.

H.E. highlighted the UAE's complete commitment to increasing development and advancement in the various fields that relate to or encouraging of the columns of UAE Vision 2021, including little- and medium-sized enterprises (SMEs), the knowledge-based economy, renewable resource, innovation, the industrial industry, in addition to significant developing efforts such as Dubai Expo 2020, 'smart cities,' and the existence of about 40 extremely effective complimentary areas.

For his part, Francisco Gonzalez Diaz complimented the UAE's impressive progress in all degrees, and its condition as a vital economic partner of Mexico in the region. He likewise noted that his country seeks to more strengthen its visibility in the regional markets. Daz better explained that the UAE is an outstanding trade and economic hub that offers accessibility to the rest of the regional and Eastern markets.

Diaz added that Mexico locations terrific significance on financial investments in human funding, training, labor force advancement, and the stipulation of calculated expertises and modern innovation. All these, he said make Mexico's growth vision suitable with the UAE's initiatives to transform itself to a knowledge economy and open the way to participation in this essential developmental course.

Among the UAE agents to the meeting were H.E. Juma Mohammed Al Kait, Assistant Undersecretary of the Ministry of Economic situation for Foreign Trade; Ahmed Obaid Al Tunaiji, Deputy Director General of the Ras Al Khaimah Division of Economic Growth; H.E. Marwan Bin Jassim Al Sarkal, Chief Executive Officer of the Sharjah Investment and Development Authority ('Shurooq'); H.E. Fahad Al Gergawi, Chief Executive Officer of Dubai Financial investment develpoment; H.E. Khalid bin Butti Al Hajri, Director General of the Sharjah Chamber of Business and Industry(SCCI); H.E. Raghda Hamad Omran Trim, SCCI Board Member; H.E. Marwan Khamis Al Sheikh, Board Member of the Fujairah Chamber of Commerce and Industry; Mohammed Nasser Al Zaabi, Director of the Trade Promotion and Financial investment Division at the Ministry of Economy; Mohammed Juma Al Musharrakh, Deputy Director of Shurooq; Athra Mubarak Hdeoli Al Mansouri, Economic Affairs Expert at the Ministry of Foreign Matters and International Cooperation; and different delegates from business and establishments such as Sharaf Group, Nasser Bin Abdullatif Alserkal Est. and OnTime Group.

Panel sessions were likewise held parallel to the roundtable meetings in between the representatives of UAE nationwide business and their counterparts from Mexico. Participants discussed means to strengthen bilateral connections in between their nations' business communities along with major chances available from both sides. They concentrated on ways to improve participation and financial ties in different areas of typical passion.