IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 08 Aug 2014 | Removal date: open ended
Still in force

Trade finance

In early 2014, the Eximbank of India signed a loan agreement including requirements to source from India with the Republic of Congo.
On 9 March 2014, the Government of India agreed to provide a loan of USD 89.90 million to the Government of Congo for financing machinery, equipment, goods and services to develop a transportation system in Congo.

The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced from India.

The credit agreement came into force on 8 August 2014.

AFFECTED COUNTRIES

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