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: 22 May 2015 | Removal date: open ended
Still in force

Trade finance

 On 15 September 2014, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 100 million to the Government of Vietnam for financing purchase of equipment and supplies. According to news reports, the loan will be used for defense purchases from India.

The credit agreement is effective from 22 May 2015 and requires that at least 75% of the contract price for goods and services associated with the project will be sourced from India.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

447 Weapons & ammunition & parts
9305 Parts and accessories of articles of headings 93.01 to 93.04.
930510 Of revolvers or pistols
930520 Of shotguns or rifles of heading 93.03
9306 Bombs, grenades, torpedoes, mines, missiles and similar munitions of war and parts thereof; cartridges and other ammunition and projectiles and parts thereof, including shot and cartridge wads.
930621 Cartridges
930690 Other
9307 Swords, cutlasses, bayonets, lances and similar arms and parts thereof and scabbards and sheaths therefor.
930700 Swords, cutlasses, bayonets, lances and similar arms and parts thereof and scabbards and sheaths therefor.

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