"The Russian and Mexican leaders should provide a proper environment for economic development," Fox said.
According to Fox, Europe's national economies are growing weary.
"Therefore, we must make moves to develop our relations on the international level. Russia and Mexico must promote global economic development."
Fox said his country sought investment cooperation with Russia and hoped "Mexican entrepreneurs can find partners and colleagues in Russia."
Russia's Chamber of Commerce and Industry and Mexico's Business Council of Foreign Trade Investment and Technology signed a cooperation agreement at the forum.
Chamber President Yevgeny Primakov said bilateral "economic relations have dragged behind political contacts between the two countries' senior officials, therefore more agreements in specific areas of cooperation must follow."
Valentin Morozov who heads the Foreign Ministry's Latin America department, said the ministry could open a "political umbrella over business entities."
"The success of economic cooperation with Mexico is largely contingent on the results of bilateral talks on Russia's accession to the WTO and on whether or not Mexico will recognize Russia as a market economy," Morozov said.
