IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 28 May 2015 | Removal date: open ended

Trade finance

On 28 May 2015 the Export-Import Bank (Eximbank) of Korea announced signing a USD 33 million loan agreement with Uzbekistan's Ministry of Finance. The loan will fund the 'Educational Informatization Project phase ', with the first project phase being implemented in 2006. The second phase of the project focuses on establishing 2,229 computer classrooms in Uzbekistan's elementary schools, among others. The project additionally aims to promote export opportunities of informational equipment products for Korean companies. The loan is financed through the Korean Economic Development Cooperation Fund (EDCF).

In this context the Bank's Chairman stated: "The EDCF to be provided upon this agreement will grant a chance for promoting the export of Korea's advanced Information Communication Technology to Uzbekistan and serve as a gateway into the wider Central Asian market for Korean Information Communication Technology players."
 
The Economic Development Cooperation Fund
The EDCF provides low-interest and long-term credit to developing countries for projects seeking to promote industrialization and economic stability. In some cases Korean companies are involved in such projects directly or through exports. More information on the Fund can be found on the official website or the "Guide to the Import-Export Bank of Korea" publication.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 
According to UN Comtrade, no trading partner exceeded the GTA threshold of USD 1 million in on the affected tariff lines in the year prior to the intervention. Thus, no affected trading partners have been identified.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

451 Office & accounting machinery and its accessories
8473 Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72.
847329 Other
847340 Parts and accessories of the machines of heading 84.72
452 Computing machinery & parts
8471 Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included.
847130 Portable automatic data processing machines, weighing not more than 10 kg, consisting of at least a central processing unit, a keyboard and a display
847141 Comprising in the same housing at least a central processing unit and an input and output unit, whether or not combined
847149 Other, presented in the form of systems
847150 Processing units other than those of subheading 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit : storage units, input units, output units
847160 Input or output units, whether or not containing storage units in the same housing
847170 Storage units
847180 Other units of automatic data processing machines
847190 Other
8473 Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72.
847330 Parts and accessories of the machines of heading 84.71
847350 Parts and accessories equally suitable for use with machines of two or more of the headings 84.69 to 84.72

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