ANNOUNCEMENT 20 Feb 2009

A new trade finance transaction was announced in February 2009.

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=5222


Inception date: 24 Jul 2009 | Removal date: open ended

Trade finance

On 20 February 2009, the Government of India agreed to provide a loan of USD 17.34 million to the Government of Lao PDR for financing machinery, equipment, goods and services to develop irrigation schemes in the Chamassack Province.
 
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 60% of the contract price for goods and services associated with the project is sourced from India. 
 
The credit agreement came into force on 24 July 2009.

AFFECTED SECTORS

 
363 432 439 441

AFFECTED PRODUCTS

 
391721 391723 391729 391731 391733 391739 391740 841311 841319 841320 841330 841350 841360 841370 841381 841391 842119 842121 842123 842129 842131 842139 842191 842199 842430 842481 842489 842490 848110 848120 848130 848140 848180 848190
(+ 24 more)
Inception date: 24 Jul 2009 | Removal date: open ended

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.
 
N/A
 
N/A