ANNOUNCEMENT 25 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=4928


Inception date: 25 Mar 2009 | 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: 25 Mar 2009 | Removal date: open ended
Still in force

Trade finance

On 25 February 2009, the Government of India agreed to provide a loan of USD 4.3 million to the Government of Suriname for financing the purchase of ten crash fire tenders.
 
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 85% of the contract price for goods associated with the project is sourced from India. 
 
The credit agreement came into force on 25 March 2009.