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

Trade finance

On 28 May 2015 the Export-Import Bank (Eximbank) of Korea announced signing a framework agreement with the Republic of Uzbekistan's National Bank for Foreign Economic Activity. The agreement covers USD 2 billion in financial support from the Eximbank allocated to the cooperation activaties within this framework. Such activities include information exchange concerning Uzbek development projects, improvements to Uzbek regulations on foreign exchange and establishing preferential market access for Korean companies.

In this context the Bank's chairman stated: "This framework agreement with NBU opened the way for Korean companies to expand into Uzbekistan and to win development projects." and noted "Korea Eximbank will provide all-out support for Korean companies to enhance their competitiveness to participate in development projects in Uzbekistan. ... "
 

AFFECTED COUNTRIES

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