ANNOUNCEMENT 04 Apr 2016In April 2016, the governments of Mexico and South Korea announced a change in its trade finance instruments.
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Bancomext (2015) http://www.bancomext.com/comunicados/13228
On 4 April 2016, the Mexican National Bank of Foreign Trade (Bancomext) announced in a press release that it has signed a credit line agreement with the Import and Export Bank of South Korea (KExim). The credit line agreement is worth 200 million US dollars and its resources are aimed to support : 1) the growth and productivity of Mexican companies that provide goods and services to South Korean companies and 2) Mexican companies that have South Korean capital.
The press release also states that the terms established in this credit line agreement will enable Bancomext to support greater trade integration between South Korea and Mexico in the areas of: technology, capital goods, equipment incl.parts of equiptment) and services.