ANNOUNCEMENT 14 Oct 2009

A new trade finance transaction was announced in October 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=5501


Inception date: 18 Jan 2010 | Removal date: open ended

Trade finance

On 14 October 2009, the Government of India agreed to provide a loan of USD 15 million to the Government of Mali for financingmachinery, equipment, goods and services including consultancy services for financing Agriculture and Food processing projects.
 
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 18 January 2010.
 

AFFECTED SECTORS

 
434 439 441 445 448 449 481

AFFECTED PRODUCTS

 
841710 841780 841790 841919 841920 841931 841939 841940 841950 841960 841981 841989 841990 842119 842121 842123 842129 842131 842139 842191 842199 843420 843710 843780 843790 843830 843880 843890 847920 847940 847960 847981 847982 847989 847990
(+ 25 more)
Inception date: 18 Jan 2010 | 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