ANNOUNCEMENT 19 Sep 2012

In September 2012, the Export-Import Bank of Korea (Korea Eximbank) signed a memorandum of understanding (MoU) with the National Bank for Foreign Economic Activity of Uzbekistan (NBU) to support Korean companies' participation in Uzbek projects. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The Export-Import Bank of Korea, press release of 19 September 2012, Opening Up Financial Silk Roads in Uzbekistan: https://www.koreaexim.go.kr/site/program/board/basicboard/view?currentpage=29&menuid=002001007&pagesize=10&boardtypeid=284&boardid=16771
Guide to the Export-Import Bank of Korean: http://ehf.koreaexim.go.kr/File.down?file=/attach_file/conts/en/_English_guide_book.pdf

Inception date: 19 Sep 2012 | Removal date: open ended
Still in force

Trade finance

The MoU between Korea Eximbank and NBU was signed on 19 September 2012. The Korea Eximbank will, in this context, provide an Interbank Credit Line to the NBU with a total value of USD 100 million. The credit line will facilitate funds through the Uzbek bank to importers of Korean goods and services.

Interbank Export Credit
The Eximbank of Korea extends credit to foreign banks for the purpose of financing companies’ purchases of Korean goods and services through loans. More information on the Bank's financial instruments can be found on the official website or the "Guide to the Import-Export Bank of Korea" publication. 

The GTA includes state guarantees and other 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 SECTORS

 
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AFFECTED PRODUCTS

 
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