AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The Interbank Export Loan Agreement was signed on 1 July 2010 between Bancomext and the Korean Eximbank and has a total value of USD 50 million. The credit line finances Mexican importers purchase of Korean goods and services.
this context, a Korea Eximbank official stated: "This agreement will further increase the exports to Mexico in the areas of electronics, automobiles, textiles, etc, where demands are rising in Mexico"
Interbank Export Credit
The Eximbank of Korea extends credit to foreign banks on favourable terms and conditions for the purpose of financing local companies’ purchases of Korean goods and services through loans. More information on the Bank's financial instruments can be found on the official website or the "Guide to the Import-Export Bank of Korea" publication.
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.
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