2000 News Story

Kingdom and Mexico sign trade agreement

In Mexico City yesterday the Kingdom of Saudi Arabia and the Republic of Mexico signed a comprehensive bilateral agreement facilitating entry of commodities and services into each other's markets. In a statement on the occasion, Minister of Commerce Osama Faqih declared that the agreement comes within the Kingdom's efforts to join the World Trade Organization (WTO), and will contribute positively to enhancing economic and trade relations between the two countries. The agreement is similar to that signed recently with Brazil, and those signed earlier with Australia, Canada, Japan, Pakistan, South Korea, Uruguay and the United States.