ANNOUNCEMENT 07 Dec 2009

A new trade finance transaction was announced in December 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=5496


Inception date: 18 Jan 2010 | Removal date: open ended
Still in force

Local sourcing

According to the terms of the SFD, the goods and services exported within this transaction must contain a Saudi domestic value of 25% or more.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 18 Jan 2010 | Removal date: open ended
Still in force

Trade finance

On 7 December 2009, the Government of India agreed to provide a loan of USD 100 million to the Bank for Development and Foreign Economics Affairs (Vnesheconombank) to finance imports of technology, equipment or any goods and services from India.
 
The credit agreement came into force on 18 January 2010.

 
N/A
 
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