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: 01 Jul 2015 | Removal date: open ended
Still in force

Trade finance

One of these beneficiaries was Mongolian Oyu Tolgoi, which was offered a loan worth AUD 206.30 million (USD 153.60 million) for the import of mining equipment and services to Mongolia.

In this context, the Efic noted that: "We continue to provide funding to large-scale projects where Australian SMEs will benefit from export contracts. This year we contributed to financing the expansion of the Oyu Tolgoi gold and copper mine in Mongolia, with a direct loan of US$150 million."

Given that Efic does not provide the exact date that the trade finance deal was signed the most conservative date, i.e. 1 July 2015, was set as the inception date.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

444 Machinery for mining, quarrying & construction; parts
8474 Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores or other mineral substances, in solid (including powder or paste) form; machinery for agglomerating, shaping or moulding solid mineral fuels,
847480 Other machinery
862 Support services to mining

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