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: 11 Dec 2013 | Removal date: open ended
Still in force

Trade finance

 On 11 December 2013, the Government of India agreed to provide a Line of Credit of USD 155 million to the Myanmar Foreign Trade Bank for financing development railway workshops. On 3 October 2015, the quantum of loan under the LOC was reduced to USD 86.31 million.
 
This is in addition to another credit line of USD 198.96 million to finance irrigation projects that was agreed on the same day.

The credit is provided by the Export Import Bank of India (EXIM). The credit agreement is effective from 27 June 2016 and requires that 75% of the contract price of goods and services under this agreement will be sourced from India.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7302 Railway or tramway track construction material of iron or steel, the following : rails, checkrails and rack rails, switch blades, crossing frogs, point rods and other crossing pieces, sleepers (crossties), fishplates, chairs, chair wedges, sole plates
730210 Rails
730230 Switch blades, crossing frogs, point rods and other crossing pieces
730290 Other
495 Railway & tramway locomotives & rolling stock; parts
8602 Other rail locomotives; locomotive tenders.
860210 Dieselelectric locomotives
8603 Selfpropelled railway or tramway coaches, vans and trucks, other than those of heading 86.04.
860390 Other
8606 Railway or tramway goods vans and wagons, not selfpropelled.
860699 Other
8607 Parts of railway or tramway locomotives or rollingstock.
860719 Other, including parts
860721 Air brakes and parts thereof
860730 Hooks and other coupling devices, buffers, and parts thereof
860791 Of locomotives
860799 Other
8608 Railway or tramway track fixtures and fittings; mechanical (including electromechanical) signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields; parts of the fo
860800 Railway or tramway track fixtures and fittings; mechanical (including electromechanical) signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields; parts of the fo

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