financing framework agreement with CEXIM and strategic partnership with CMHI
During the Chinese Prime Minister Mr Li Keqiang’s official visit at its headquarter on July 1st, the CMA CGM Group announced that two major economic partnerships : a financing framework agreement with the Chinese bank CEXIM and a strategic partnership with China Merchants (CMHI) on the “One Belt, One Road” project initiated by the Chinese government.
CMA CGM and the Export-Import Bank of China (CEXIM) will sign a framework agreement on financing solutions for a total of up to USD 1 billion in the form of loans and/or export credit insurance. Those solutions would be available for the future vessels and containers the group may order in China. Those investments are essential to accompany the CMA CGM Group’s development strategy.
“One Belt, One Road” project
- Create a land axis between China and Europe via Russia
- Create a 21st century silk road that will link South East Asia to Oceania, East Africa, North Africa and Europe by the sea, in order to secure imports and exports to and from China.
Source & Image Credit: CMA CGM Group