ANNOUNCEMENT 31 Mar 2010

A new trade finance transaction was announced in March 2010.

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=6200


Inception date: 26 Nov 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: 26 Nov 2010 | Removal date: open ended
Still in force

Trade finance

On 31 March 2010, the Government of India agreed to provide a loan of USD 30 million to the Government of Cote d'Ivoire for financing the purchase of goods and services including machinery, equipment and consultancy services for the development of the Rice Production Programme in Cote d'Ivoire.

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 26 November 2010.