Global Trade Alert
Global Trade Alert

India: Loan to Myanmar to develop a petrochemical complex with the condition to source inputs from India

Announcement

17 Feb 2009

A new trade finance transaction was announced in February 2009.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

15 Jun 2009

Revocation date:

No revocation date

Local value added incentive In force

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...

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Trade finance In force

On 17 February 2009, the Government of India agreed to provide a loan of USD 20 million to the Foreign Trade Bank of Myanmar for financing machinery, equipment, goods and services to upgrade the Thanb...

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