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Export-Import Bank Support for U.S. Exports to Mexico
“We look forward to Mexico's use of Ex-Im Bank financing to buy high-quality U.S. goods, services and technology to support Mexico's infrastructure development programs. This latest step in the long-standing close relationship between our two countries will support growth both in Mexico's economy and in U.S. jobs.” – Fred Hochberg, Chairman, Export-Import Bank of the U.S.
Mexico has the second largest economy in Latin America and is the United States’ largest regional economic partner. The United States Export Import Bank (Ex-Im Bank) supports more exports to Mexico than to any other country, a result of the strong economic links between the two countries. This already strong relationship has been strengthened even further with a memorandum of agreement between Ex-Im Bank and the National Development Bank for Public Works and Services (Banobras) of Mexico. As part of the agreement, Ex-Im Bank will provide up to $1 billion to finance exports for Mexico's National Infrastructure Program (NIP).
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![2005 - 2010 activity by sector: Machinery and Equipment $521,501,457, Other Manufactured Products $32,294,511, Medical Equipment and Supplies $38,974,118, Motor Vehicles and Parts $49,561,707,](mexchart.gif) |
![map of Mexico](mexico_success_stories.gif)
Success Stories
- Oaxaca: Clipper Windpower Inc., of Carpinteria, California, broke into the global marketplace by exporting 27 2.5-megawatt wind turbines to Mexico, backed by an $80.7 million direct loan from the Export-Import Bank of the United States. Electrica del Valle de Mexico (EVM), the project company, is using Clipper's equipment to build a 67.5-megawatt wind farm at La Ventosa-La Mata in Oaxaca, Mexico.
- Mexico City: General Electric (GE) sold 40 GE Evolution Series (EVO) 44AC diesel electric locomotives, produced in Erie and Grove City, Pa, to Mexico's Grupo Ferroviario Mexicano, backed by an $80.4 million loan guarantee from the Export-Import Bank of the United States.
- Bay of Campeche: Ex-Im Bank approved $900 million in long-term direct loans to support more exports to Petróleos Mexicanos (Pemex), Mexico's state-owned oil company, for projects in the Bay of Campeche. These exports consist mainly of engineering services, oil field equipment, offshore platforms, drilling and well services, and upgrade and rehabilitation services, and are being sourced from hundreds of small and large companies located in states that include but are not limited to Texas, Louisiana, Florida, Ohio, Pennsylvania, Illinois, Wisconsin, Minnesota, Oregon and Washington State.
- Guadalajara: Chick Master International Inc. of Englewood Cliffs, New Jersey, and Agile Manufacturing Inc. of Anderson, Missouri sold poultry feeders and incubation equipment to Avicola y Ganadera S.A. of Guadalajara, Mexico. The sale was supported by a comprehensive $1.18 million medium-term guarantee from Ex-Im Bank. The U.S. exporters and suppliers are all small businesses.
Updated: 20120622
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