ANNOUNCEMENT 28 May 2009

A new trade finance transaction was announced in May 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=5473


Inception date: 11 Jan 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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 11 Jan 2010 | Removal date: open ended
Still in force

Trade finance

On 28 May 2009, the Government of India agreed to provide a loan of USD 40 million to the Government of the United Republic of Tanzania to finance the imports of tractors, pumps and equipment from india.

 
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 11 January 2010.