Mexican President Enrique Pena Nieto.

Saudi Arabia and Mexico will endorse today nine major agreements that will align the economic interests and development goals of the two countries.

The accords will be signed following talks between Custodian of the Two Holy Mosques King Salman and Mexican President Enrique Pena Nieto, who arrived here Saturday night.

“These agreements will be comprehensive focusing on diverse areas like energy, aviation, crime control, education and taxation,” said Arturo Trejo, Mexican ambassador, Saturday. He said Nieto’s historic visit marks the first trip of a Mexican head of state to the Kingdom in 40 years. President Luis Echaverria visited Saudi Arabia way back in 1975.

Trejo said Nieto’s visit is a sign of the increasingly warm bilateral relations. The endorsement of the pacts will further boost ties, he added. “We have decided to launch a more aggressive commercial policy to increase our presence in the Saudi market,” said the envoy.

The agreements are between Saudi Aramco and Mexico’s national oil company, treaty on air services, avoidance of double taxation, cooperation agreement to fight crime and terror, energy cooperation pact, accord between Mexico’s National Bank for Foreign Trade and Saudi Fund for Development (SFD), pact between SASO and Mexico’s Ministry of Economy, education agreement and cooperation agreement in tourism sector.

Trejo said that President Nieto would attend a business forum at the Chamber of Commerce on Sunday. “Businesses from a variety of sectors will be represented at the forum including aviation, energy, tourism, trade, and education,” he said. The Mexican president will also attend the “Mexico Energy Day” being organized by the Riyadh-based International Energy Forum on Sunday.

Mexico, which has an observer status in OPEC, seeks to work closely with the Kingdom in the field of oil as well. Mexico is a relevant oil exporter, but much smaller than Saudi Arabia.

Mexico has a daily production of 2.8 mbd and exports roughly one half of it. On commercial front, the two countries have forged closer ties with two-way trade exceeding about $1 billion annually.

Mexico buys mostly petrochemicals and sells some industrial equipment and consumer goods to the Kingdom.

President Nieto, who is accompanied by several high-ranking Mexican officials and businessmen, will also visit the UAE and Kuwait during this trip.

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