ANNOUNCEMENT 04 Apr 2016

In April 2016, the government of Republic of Korea announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



The Export-Import Bank of Korea press release of 5 April 2016: Korea Eximbank Establishes USD 3.2 Billion Financial Platform with Major Mexican Entities: https://www.koreaexim.go.kr/site/program/board/basicboard/view?currentpage=1&menuid=002001007&pagesize=10&boardtypeid=284&boardid=53497

Guide to the Export-Import Bank of Korean
Available at: https://www.koreaexim.go.kr/site/inc/file/fileDownload?dirname=/doc/002&...
ExImBank official website: https://www.koreaexim.go.kr/site/main/index002


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 SECTORS

 
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AFFECTED PRODUCTS

 
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