The National Foreign Trade Bank (Bancomext) signed a memorandum of understanding with the export credit insurance agency of the German government, Euler Hermes/PwC, establishing mechanisms to support investment and trade between Mexico and Germany.
In a statement, Bancomext reports that the agreement will permit supporting the interchange of trade and investment in capital goods, equipment, parts and services; as well as information and cooperation in development projects in Mexico and in third-party countries through co-insurance/co-guarantees strategies.
Photo: Courtesy of the President’s Office/Cuartoscuro.com
It explains that the memorandum was signed between the parties as part of the official tour of Germany made by Mexican President Enrique Peña Nieto.
Both institutions also agreed to establish mechanisms for exchanges on development policies in industries and regions, to identify business opportunities and trade for Mexican and German companies.
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