UK and Mexico sign memorandum to further expand and finance trade

(Mercopress, Montevideo, 6 March 2015) The UK and Mexico have signed a memorandum to further support trade and markets, and advance cooperation between the two countries export promotion organizations, UK Export Finance and Bancomext, Mexican Trade Development Bank. Should Bancomext join UKEF’s existing panel of 20 financial organizations approved to partner the UK’s export credit agency in delivering its Direct Lending Facility (DLF), UK exporters to Mexico could benefit from a £3 billion direct source of credit for the Mexican marketplace. The £3 billion facility is designed to help overseas buyers purchase goods and services from UK exporters.