IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 08 Dec 2014 | Removal date: open ended
Still in force

State loan

On 8 December 2014 the National Foreign Trade Bank (Bancomext) announced the signing of a loan agreement with the German manufacturer Audi. The monetary value of the loan agreement is USD 91.5 million and its scope is to finance the development of the industrial buildings of the " AUDI Project" in 2015 in Mexico. The duration of the loan is set to a 10-year long period. Furthermore, the loan provided by Bancomext will cover 75 percent of the total investment ammount revolving around the "AUDI Project" in 2015. 
The "AUDI Project" in 2015 is designed to be established in some of the most marginalized areas of Mexico such as San José Chiapa and Puebla. Furthermore, according to official sources of Bancomext, the plant of the "AUDI Project" in 2015, will represent the most modern plant in Mexico, as well as, is designated to from 2016, manufacture 150 thousand units of the new model generation Audi Q5. Furthermore, the project is also expected to create 3.800 new direct employments. The industrial buildings of the "AUDI Project" in 2015 are to be developed from O'Donnell and AIG Real Estate Group.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8702 Motor vehicles for the transport of ten or more persons, including the driver.
870210 With compressionignition internal combustion piston engine (diesel or semidiesel)
870290 Other

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