ANNOUNCEMENT 08 Jan 2016

A new trade finance transaction was announced in January 2016.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



EXIM Banks official press release
http://www.eximbankindia.in/node/1495


Inception date: 08 Jan 2016 | Removal date: open ended
Still in force

Trade finance

 On 8 January 2016, the Export Import Bank of India (EXIM) extended a Buyer's Credit under the National Export Insurance Account (NEIA) of USD 69.75 million to the Government of the Senegal for financing purchase of vehicles from India. The Buyer's Credit under NEIA is a non-recourse financing provided to promote and support Indian exports in new markets. 

AFFECTED SECTORS

 
Inception date: 08 Jan 2016 | Removal date: open ended
Still in force

Local sourcing

The credit for this transaction is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced from India.
 
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