IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 27 Oct 2016 | Removal date: open ended
Still in force

Trade finance

The EDCF loans have a total value of USD 190 million and will support the Procurement of 20 Nos. Meter Gauge Locomotives Project and the Procurement of 150 Nos. Meter Gauge Passenger Carriages Project in Bangladesh. The Asian Development Bank (ADB) will support these projects with additional funding.

Whilst the loans seeks to support development through infrastructure project in Bangladesh, an official from the Eximbank also highlighted that: "These EDCF-ADB funded projects in Bangladesh are anticipated to have a positive impact on introducing Korea's outstanding railway technologies to the country and pave the way for competent Korean companies to win the bid for follow-up projects in the railway sector, using ADB funds as a leverage."

The Economic Development Cooperation Fund
The EDCF provides low-interest and long-term credit to developing countries for projects seeking to promote industrialisation 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.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

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
730240 Fishplates and sole plates
730290 Other
469 Other electrical equipment & parts
8530 Electrical signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields (other than those of heading 86.08).
853010 Equipment for railways or tramways
853090 Parts

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