Dubai-Mexico bilateral trade continues to flourish

Duba9i (WAM): The Dubai-Mexico trade continues to register a strong growth, with Mexico currently ranking as Dubai’s 45th largest trade partner globally and between 2011 and 2012 the two sides’ trade rose by almost 27 per cent, from a value of Dhs4.1 billion to Dhs5.2 billion, President and CEO of Dubai Chamber disclosed on Tuesday. The head of the Chamber and Industry, Hamad Buamim urged Dubai entrepreneurs to fully utilise their experience in the respective fields and benefit from the country’s strong growth potential and at the same time explore promising markets of the world such as Mexico. Buamim was speaking at the Chamber headquarters in Dubai during the first Country Focus Briefing of the year organised by Dubai Chamber in association with Embassy of Mexico, ProMexico and the Economist Intelligence Unit at the Chamber premises on Tuesday, as part of the Chamber’s initiative of opening up new business opportunities for its members while enhancing their competitiveness in the overseas markets. “For Dubai, trade is the cornerstone of our economy. Aligning the needs of Dubai and Mexico and through increased co-operation, we can positively impact two-way trade and investment. In the medium and long-term, we see mutual growth potential in travel and tourism, which offer excellent joint cooperation opportunities for both the sides,” said the Chamber’s President. For years, Dubai has been working to build stronger ties with Mexico and we are committed to provide all the facilities to businesses from the two sides to establish strong partnerships as part of our strategic objectives of creating a favourable business environment, supporting the development of business and promoting Dubai as an international business hub, said Buamim. Businessmen should benefit from the Chamber’s initiative of exploring promising markets of the world, urging them to explore Mexico’s potential for stronger bilateral cooperation despite the challenge of distance as the country is one of the world’s most important emerging economies, added Buamim. Focusing on the lucrative investment opportunities in Mexico’s trade, tourism, construction and real estate sectors, the President and CEO of Dubai Chamber said that Dubai companies can use their experience in these areas and benefit from the country’s strong growth potential. Francisco Alonso, Ambassador of Mexico to the UAE, said that the UAE and Mexico now enjoy deep bilateral ties and are poised for a stronger partnership in the future as the two sides seek to develop their economic relations. Mexico is especially interested in promoting the flow of tourists from the UAE, he added. – The Gulf Today – Read more: http://gulftoday.ae/portal/fbf4b3cd-f087-47f6-bce9-4fc776980eae.aspx