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: 09 Jul 2012 | Removal date: open ended
Still in force

Trade finance

On 12 April 2012, the Government of India entered agreed to provide a loan of USD 47 million to the Government of the Federal Democratic Republic of Ethioipia for financing machinery, equipment, goods and services to develop the sugar industry.
 
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 9 July 2012. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

445 Machinery for food, beverage & tobacco processing; parts
8438 Machinery, not specified or included elsewhere in this Chapter, for the industrial preparation or manufacture of food or drink, other than machinery for the extraction or preparation of animal or fixed vegetable fats or oils.
843810 Bakery machinery and machinery for the manufacture of macaroni, spaghetti or similar products
843820 Machinery for the manufacture of confectionery, cocoa or chocolate
843830 Machinery for sugar manufacture
843860 Machinery for the preparation of fruits, nuts or vegetables
843880 Other machinery
843890 Parts

Please report this page in case you detect an inaccuracy in its content.