IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 06 Dec 2016 | Removal date: open ended
Still in force

Financial assistance in foreign market

The exact amount of the export credit has not been provided by KfW. However, the total investment volume of the factory in San Luis Potosi, Mexico, amounts to 1 billion USD and the three banks have divided the export credit equally. Furthermore, according to the press release, this investment is the highest ever made within KfW's Energy Efficiency Programme.

The 10-year loan qualified under the Programme, as the production facility is going to run on renewable energy sources, produce no waste water and shall use the lowest amount of water per produced car.

The factory will employ 1,500 workers and produce annually 150,000 new models of the BMW 3 Series, with production planned to start in 2019.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870332 Of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc
870333 Of a cylinder capacity exceeding 2,500 cc

Please report this page in case you detect an inaccuracy in its content.