ANNOUNCEMENT 05 Jul 2016

In July 2016, the government of India announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Official press release
http://www.eximbankindia.in/node/1630


Inception date: 05 Jul 2016 | Removal date: open ended

Trade finance

 On 5 July 2016, the Export Import Bank of India (EXIM) signed a Buyer's Credit Agreements under the National Export Insurance Account (NEIA) totalling USD 200 million with the Government of the Republic of Senegal. The credit will be used for financing projects to construct a 225kV transmission line and development of networks in the region. The Buyer's Credit under NEIA is a non-recourse financing provided to promote and support Indian exports in new markets.
A state measure in the GTA database is assessed solely in terms of theextent to which its implementation affects the extent of discriminationagainst foreign commercial interests. On this metric, this trade financeaffects the conditions of competition and foreign firms competing inthe overseas market in question.