The European Investment Bank is preparing to disburse €3 billion between now and 2030, as part of the investments agreed upon after the signing of the modernized Free Trade Agreement between the European Union and Mexico (EU-Mexico FTA).
During the IX Ibero-American Congress of the Business Council Alliance for Ibero-America (CEAPI), the president of the European Investment Bank (EIB), Nadia Calviño, stated that the institution will relaunch its investments in Mexico “to make the agreements of the recent political summit a reality.”
The planned resources, she said, will be allocated to the energy, water, and transportation sectors, equivalent to approximately MXN $60.374 billion.
During the European Union’s economic mission to Mexico, the 27-member bloc signed an agreement with the Ministry of Energy to support the country’s energy transition.
In addition, a €150 million loan was signed with the Mexican Foreign Trade Bank (Bancomext) to finance private businesses, specifically projects focused on climate change adaptation, the circular economy, and decarbonization, with a particular emphasis on supporting women entrepreneurs.
The EIB President emphasized that Europe seeks to strengthen its strategic alliance with Latin America, recalling that last fall, the EIB committed €1 billion to Central America’s energy connectivity, and they expect to mobilize approximately half of that amount this year.
Nadia Calviño asserted that it is necessary to expand alliances globally, rather than closing off trade.
“While others build walls and close markets, we build bridges and open ourselves to those who share our values and our vision of the world. Europe is a trusted partner,” she affirmed.
During his remarks, Roberto Velasco, Mexico’s Foreign Minister, stated that the relationship between Mexico and Europe is in a “splendid moment.”
He also asserted that Mexico is a bridge between regions. “We are probably the country in the world with the most free trade agreements. We have preferential access to more than 50 countries through this network of trade agreements—50 countries that encompass more than 1.5 billion people and represent a large part of the global economy,” he commented.
Source: cronista
