Eximbank paves way for business in Mexico
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From left, President Park Geun-hye, Eximbank CEO Lee Duk-hoon, Mexican President Enrique Pena Nieto and CFE CEO Enrique Ochoa Reza at the signing ceremony at the National Palace in Mexico City on Monday. [NEWSIS]
The state-run financier for exporters said on Tuesday its CEO Lee Duk-hoon met with Enrique Ochoa Reza, CEO of Comision Federal de Electricidad (CFE) at the National Palace on Monday, to sign a $1 billion agreement to help finance projects by 2018 and exchange information on projects. CFE is the largest electricity provider owned by the Mexican government, engaging in a variety of businesses including construction of independent power plants and the establishment of shale gas pipelines.
President Park Geun-hye, who is currently on a four-day visit to the country, and her counterpart Enrique Pena Nieto, joined the ceremony.
Mexico is expected to be a highly promising market for Korean firms.
The institution also inked a $200 million contract for a financial program with its Mexican counterpart Banco Nacional de Comercio Exterior (Bancomext) which allows Mexican firms to import Korean products with funds lent by Eximbank. ?
BY SONG SU-HYUN [song.suhyun@joongang.co.kr]
with the Korea JoongAng Daily
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