Equity Link and the Mexican Business Council for Foreign Trade, Investment and Technology (Comce) signed an agreement to provide financing to Mexican companies in their export and import operations.
Mario Antúnez, CEO of Equity Link, said they expect to invest more than $200 million in the next 12 months, so that companies can integrate into global supply chains at a local level.
“We know that the main problem that prevents companies in Mexico from moving forward is the lack of liquidity, and that is where our commitment comes in. It would be impossible to think that a company that does not have access to capital can grow. We want the country to evolve and get on board with manufacturing through the integration of supply chains,” he said at a press conference.
He mentioned that currently more than 80% of the country’s exports do not have financing , and it is not due to a lack of capital but rather due to not having more intermediaries.
For her part, Susana Duque, general director of Comce, explained that relocation is a unique opportunity for companies to actively participate in foreign trade , so this new tool will allow partners to access financing and capital schemes more efficiently and quickly so they can enter the value chains.
He insisted that it is not that there are no resources or that there is not enough capital, but that distribution is failing, which is why with this alliance they seek to bring these types of schemes closer to more companies.
“We want Mexico to continue being the ninth or seventh exporting power. We are already the first in Latin America. Last year we closed with 593 billion dollars in exports, a historic figure, but we need more and more companies to venture into exports. We have 5.5 million micro, small and medium-sized companies in the country and only less than 10% export and that is the great challenge we have, that more and more companies export,” he said.
Francisco González, president of the National Auto Parts Industry (INA) , said that this collaboration will give a boost to the production chain and the export sector , “it is a significant step towards strengthening our capabilities, as well as an opportunity to face the challenges that we face.”
“The auto parts industry, in which we are deeply involved, faces challenges such as fluctuating demand, the need for electric and hybrid vehicles, these kinds of things face challenges of another dimension. Finding financing is essential,” he said.
He mentioned that in the face of liquidity and the development of growth plans, Equity Link plays a crucial role, with digital financing increases representing “a modern and effective response to our needs.”
He said they hope that this collaboration will foster innovation and competitiveness in companies in the sector.
Carlos Palencia Escalante, director of Index , considered that financing is like in telecommunications, it is the last mile, which helps promote import substitutions to have the best supplier nearby, so it will be “one of the central axes for that development.”
Comment and follow us on X:@evandeltoro / @GrupoT21
