ANNOUNCEMENT 23 Aug 2012

A new trade finance transaction was announced in August 2012.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Reserve Bank of India notification

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=7915


Inception date: 28 Feb 2013 | 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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 28 Feb 2013 | Removal date: open ended
Still in force

Trade finance

On 23 August 2012, the Government of India agreed to provide a loan of USD 15 million to the Government of the Republic of Benin for financing goods and services to setup a tractor assembly plant and a farm equipment manufacturing unit.
 
The credit 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 plant is sourced from India. 
 
The credit agreement entered into force on 28 February 2013.