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Mexico and Colombia agree to boost trade

Americas / 11-01-17 / by
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Handshake Business Agreement

Mexico and Colombia’s respective development banks, Bancomext and Bancoldex, have signed a memorandum of understanding to boost trade between the two countries.

The two organisations will collaborate on financing tools to support export, import and investment flows, including through co-financings.

Trade between the two countries generated US$4.6bn in 2015. Colombia is Mexico’s second-largest export destination in South America after Brazil, with exports worth US$3.6bn.

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