ANNOUNCEMENT 19 Mar 2012

A new trade finance transaction was announced in March 2012.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 22 Aug 2012 | 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: 22 Aug 2012 | Removal date: open ended
Still in force

Trade finance

On 19 March 2012, the Government of India agreed to provide a loan of USD 20 million to the Government of the Central African Republic for financing machinery, equipment, goods and services to develop a mining project.
 
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 project is sourced from India. 
 
The credit agreement came into force on 22 August 2012.