ANNOUNCEMENT 04 Jan 2019

The Australian EXIM bank announced the approval of a loan worth AUD 55.9 million (over USD 39.7 million at the time of the announcement) to support the exports of the local manufacturing company. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Efic, Transaction register for 1 July 2018-20 December 2018. Available at: https://www.efic.gov.au/media/5365/signing-summary-web-version-2019-01-04-08-10-05.pdf

Inception date: 20 Dec 2018 | Removal date: open ended
Still in force

Trade finance

On 4 January 2019, the Australian export credit agency Efic has issued a transaction register of trade finance transaction beneficiaries covering operations made in the period 1 July 2018 up until 20 December 2018.

One of these beneficiaries was Incat Australia Pty Limited, which was offered a loan of a total value of AUD 55.9 million (over USD 39.7 million) for financing the export of shipbuilding and repair services to Spain.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A