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: 26 Jun 2013 | Removal date: open ended
Still in force

Trade finance

On 19 December 2012, the Government of India entered into an agreement to provide a loan of USD 19 million to the Government of the Republic of Senegal to finance the purchase of Indian goods and services for projects associated with the Senegalese Fisheries Development Project.
 
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 plant is sourced from India. The remaining 25% may be sourced from elsewhere. This measure disadvantages competing suppliers from outside of India.
 
The credit agreement is effective from 26 June 2013. The Circular "A.P. (DIR Series) Circular No.16" was published for the same by the Reserve Bank of India on 23 July 2013.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

384 Sports goods
9507 Fishing rods, fishhooks and other line fishing tackle; fish landing nets, butterfly nets and similar nets; decoy “birds” (other than those of heading 92.08 or 97.05) and similar hunting or shooting requisites.
950790 Other

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