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: 04 Apr 2016 | Removal date: open ended
Still in force

Trade finance

On the 4 April 2016, the Export-Import Bank (Eximbank) of Korea signed a credit facility with the Mexican Development Bank. This Interbank Credit Facility Agreement with Banco Nacional de Comercio Exterior, S.N.C., has a total volumen of USD 200 million. The stated intention of this agreement is to promote Korean exports to Mexico.
On the same day the Eximbank of Korea signed a Cooperation Agreement with Mexican Comisión Federal de Electricidad, see related measure.
 
Interbank Credit Facility Program
The Eximbank of Korea extends credit to foreign banks for the purpose of financing foreign 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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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