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 Jun 2014 | Removal date: open ended
Still in force

Trade finance

On 9 June 2014 the Export-Import Bank (Eximbank) of Korea announced that it will provide a a loan to fund Vietnam's 'Medical Equipment Supply to National ENT (Ear, Nose and Throat) Hospital Project'. The loan worth USD 19 millionis granted through the Economic Development Cooperation Fund (ECDF).
 
The project will involve a number of Korean Small and Medium sized Enterprises (SMEs) from the medical equipment sector. In this context the Eximbank stated: "Korean SMEs and medium-large businesses enjoy a comparative advantage in the medical equipment sector. I hope this project would accelerate the entry of Korean firms into the Southeast Asian medical equipment market."
 
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.
 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

481 Medical & surgical equipment & orthopaedic appliances
9018 Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sighttesting instruments.
901811 Electrocardiographs
901812 Ultrasonic scanning apparatus
901813 Magnetic resonance imaging apparatus
901819 Other
901820 Ultraviolet or infrared ray apparatus
901831 Syringes, with or without needles
901832 Tubular metal needles and needles for sutures
901839 Other
901849 Other
901850 Other ophthalmic instruments and appliances
901890 Other instruments and appliances

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