ANNOUNCEMENT 10 Oct 2012

A new trade finance transaction was announced in October 2012.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 28 Feb 2013 | Removal date: open ended
Still in force

Trade finance

On 10 October 2012, the Government of India agreed to provide a loan of USD 5 million to the Banco Exterior of Cuba for financing goods and services to setup a milk powder processing plant in the Camaguey province in Cuba.
 
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. 
 

AFFECTED SECTORS

 
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.
 
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