ANNOUNCEMENT 20 Apr 2009

A new trade finance transaction was announced in April 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=5037


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

Trade finance

On 20 April 2009, the Government of India agreed to provide a loan of USD 37.65 million to the Government of Cameroon for financing machinery, equipment, goods and services for the following projects: 
- Maize Farm Plantation Project (US $ 18.77 million)
- Rice Farm Plantation Project (US $ 18.88 million)
 
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 85% of the contract price for goods and services associated with the project is sourced from India. 
 
The credit agreement came into force on 29 May 2009.

 

AFFECTED SECTORS

 
432 439 441 445 448 449 481 491

AFFECTED PRODUCTS

 
841311 841319 841320 841330 841350 841360 841370 841381 841391 841919 841920 841939 841940 841950 841960 841981 841989 841990 843210 843229 843290 843351 843359 843390 843610 843629 843680 843699 843710 843780 843790 870110 870120 870190
(+ 24 more)
Inception date: 24 May 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