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Puerto Vallarta News NetworkNews Around the Republic of Mexico 

Mexico and Saudi Arabia Sign Cooperation Agreements

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January 19, 2016

King Salman holds talks with Mexican President Enrique Peņa Nieto at Al-Yamama Palace in Riyadh.

Riyadh - The governments of Saudi Arabia and Mexico signed nine economic and cooperation agreements on Sunday during Mexican President Enrique Peņa Nieto's visit to Riyadh, the official SPA news agency reported.

Peņa Nieto met with Saudi King Salman bin Abdulaziz and the two leaders later presided over the signing of the agreements and memoranda of understanding, as well as the inking of an accord covering bilateral technical cooperation.

The agreements cover tourism, energy, double taxation and tax evasion.

Another agreement was signed by the Saudi Development Fund and Mexico's state-owned Banco Nacional de Comercio Exterior, or Bancomext, SPA said.

The two countries also signed several bilateral security agreements and accords on fighting organized crime. Peņa Nieto and the Saudi king discussed areas for cooperation and global affairs, the news agency said.

King Salman bin Abdulaziz presented Peņa Nieto with the kingdom's founders medal and the Mexican leader awarded the Order of the Aztec Eagle to the Saudi ruler.

Peņa Nieto's tour of the Middle East will take him to Saudi Arabia, the United Arab Emirates, Qatar and Kuwait.

The president will participate in business events in each country as part of an effort to help Mexico enter the Middle Eastern markets.

Original article