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: 30 Jun 2017 | Removal date: open ended
Still in force

Trade finance

On 19 July 2017, the UK Export Finance agency (UKEF) published the list of beneficiaries of trade finance transactions for the year 2016/2017.

One of these beneficiaries was Reliance Industries Ltd, which was offered a buyer credit of a total value of GBP 47,404,649 (USD 61,600,348). The buyer credit finances the export of goods and/or services to India from multiple UK based exporters for the expansion of an oil refinery.

Given that UKEF does not provide the exact date that the trade finance deal was signed, the most conservative inception date, i.e. the 30 June 2017, was set as the inception date.

The GTA includes various 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

444 Machinery for mining, quarrying & construction; parts

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