A memorandum of understanding in the energy sector between the two countries was co-signed by Minister of Petroleum and Mineral Resources Eng. Ali bin Ibrahim Al-Naimi and Mexican Secretary of Energy Pedro Joaquin Coldwell. An agreement to avoid double taxation and prevent tax evasion was co-signed by Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf and Mexican Secretary of Foreign Relations Claudia Ruiz Massieu. A memorandum of understanding between the Saudi Fund for Development and the Mexican National Bank for Foreign Trade was co-signed by Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf, and Director General of the External Commercial Bank Alejandro Diaz. --More 19:25 LOCAL TIME 16:25 GMT www.spa.gov.sa/w