The Mexico–Saudi Arabia Joint Business Council (CCN) was officially launched through a Memorandum of Understanding (MoU) between Mexico’s Business Coordinating Council (CCE) and the Saudi Federation of Chambers (FSC). This initiative creates a formal mechanism to enhance private sector cooperation and promote trade and investment between the two countries.

The launch was marked by a high-level event hosted by Ambassador Aníbal Gómez Toledo and Dr. Bader Al-Busaiyes of the Council of Saudi Chambers, with the participation of Mario Pérez Cárdenas representing CCE and Mexican Ambassador to Saudi Arabia. The event highlighted nearshoring opportunities in Mexico and showcased mutual interest in expanding bilateral business relations.

The Joint Business Council aims to:

• Foster cross-border collaboration in trade, education, agribusiness, and technology

• Serve as a permanent forum for dialogue between the private sectors

• Promote training programs, service exchanges, and business matchmaking initiatives

According to official figures, Mexico is Saudi Arabia’s third-largest trading partner in the Middle East, with Mexican exports increasing by over 40% between 2012 and 2018. Key exports include vehicles, refrigeration equipment, electronic components, and honey. Saudi exports to Mexico include plastics, textiles, and electrical equipment.

The CCE and FSC collectively represent over 1.7 million businesses, underscoring the scale and potential of this bilateral collaboration.

This Joint Business Council reflects a shared commitment to deeper economic integration and private sector-led growth in both countries.