ANNOUNCEMENT 06 May 2010

A new trade finance transaction was announced in May 2010.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Reserve bank of India

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=6039


Inception date: 03 Sep 2010 | Removal date: open ended
Still in force

Trade finance

On 6 May 2010, the Government of India agreed to provide a loan of USD 21.72 million to the Government of Ghana for financinggoods and services including consultancy services to finance:
- improved fish harvesting and fish processing project, and
- waste management equipment and management support project
 
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 3 September 2010.
 

AFFECTED SECTORS

 
381 387 439 441 444 445 448 491 492

AFFECTED PRODUCTS

 
841810 841821 841829 841850 841869 841891 841899 843629 843699 843830 843880 843890 847410 847420 847431 847432 847439 847480 847490 870410 870421 870422 870423 870432 870490 870520 870530 870540 871620 871690 940310 940320 940340 940350 940360 940389 940390 940600
(+ 28 more)
Inception date: 03 Sep 2010 | 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.
 
N/A
 
N/A