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Mexico and Germany Sign Agreement Supporting Investment and Trade

A memorandum of understanding was signed Tuesday
By The News · 12 of April 2016 11:48:02
President Enrique Peña Nieto with Berlin Mayor Michael Müller, , Photo: Notimex/Courtesy of the President's Office

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.

BERLÍN, REPÚBLICA FEDERAL DE ALEMANIA, 11ABRIL2016.- El Presidente de México, Enrique Peña Nieto, durante la Ceremonia Oficial de Bienvenida que le ofreció Joachim Gauck, Presidente de la República Federal de Alemania en el Palacio de Bellevue, pasó revista a la Guardia de Honor de las Fuerzas Armadas Federales. FOTO: PRESIDENCIA /CUARTOSCURO.COM

The Mexican president is welcomed in Germany.
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.

THE NEWS