Both nations have signed several bilateral agreements such as a Memorandum of Understanding of Cooperation between both nations Diplomatic Institutions (2009); Memorandum of Understanding for the Establishment of Political Consultations on Issues of Mutual Interest (2014); Agreement on the Avoidance of Double-Taxation (2016); Agreement of Cooperation between both nations Banks for Development and Exportations (2016); Agreement on Air Services (2016); Agreement on Tourism Cooperation (2016); Memorandum of Understanding in Cooperation the Oil and Gas Sectors (2016); Memorandum of Understanding between Pemex and Saudi Aramco (2016) and an Agreement of Cooperation to Combat Organized Crime (2017).[1]