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ProMéxico and Mizuho Bank Ltd. signed a memorandum of understanding with the aim of coordinating efforts to promote and attract Japanese investment toMexico. Mizuho Bank Ltd. (MHBK) belongs to the Mizuho Financial Group, a pioneering bank in Asian loans syndicated to Latin American institutions. It maintains business

cooperation agreements with Banorte and Santander México, through which it participates in development projects in our country.

“The ProMéxico office in Japan has found an ally in Banco Mizuho, both for the promotion and investment in infrastructure projects in Mexico, and for financial support for companies in the Japanese private sector seeking to invest in Mexico,” said Francisco n. González Díaz, CEO of the institution during the signing of the MOU.

ProMéxico and Mizuho will work together to promote greater business opportunities in terms of trade and investment between Mexico and Japan. The cooperation efforts will be aimed at target sectors for both nations such as automotive and energy, including the technology industries for renewable and petrochemical energy sources, as well as some infrastructure projects.

The two institutions reported that they will also push the organization of a series of investment promotion seminars in various Japanese cities, in order to inform Asian companies about the business environment in Mexico. Trade between Mexico and Japan grew 71% between 2004 and 2014, with figures for 2014 surpassing twenty billion dollars. In the last fifteen days, Japanese investment in Mexico amounted to more than nine billion dollars.

Among the major Japanese companies that maintain investments in Mexico are Nissan, Toyota, Honda Motor, Sony, and NR Finance. Companies like Metalsa, Mexichem Flúor, Grupo Bocar, Kidzania, and Grupo Altex, meanwhile, have made investments in Japan.