ANNOUNCEMENT 11 Jul 2013

A new trade finance transaction was announced in July 2013.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



RBI notification
http://rbi.org.in/scripts/NotificationUser.aspx?Id=8710&Mode=0

http://www.mea.gov.in/Portal/ForeignRelation/Vietnam_Dec_2013.pdf


Inception date: 27 Dec 2013 | Removal date: open ended

Trade finance

On 11 July 2013, the Government of India agreed to provide a loan of USD 19.5 million to the Government of Vietnam for financing machinery, equipment, goods and services for the Nam Trai-V hydropower project and Binh Bo pumping station. The credit agreement came into force on 27 December 2013.

 
The credit 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

 
372 412 445 448 461 462 464 469 471 482

AFFECTED PRODUCTS

 
730511 730512 730519 730520 730531 730590 843810 843830 843840 843880 843890 850110 850131 850132 850133 850140 850151 850152 850153 850161 850162 850163 850164 850211 850212 850213 850220 850231 850239 850300 850410 850421 850422 850423 850431 850432 850433 850434 850440 850450 850490 850511 850590 850610 850710 850720 850730 850740 850780 850790 850870 853210 853221 853222 853223 853225 853229 853230 853290 853310 853321 853340 853400 853510 853521 853529 853530 853540 853590 853610 853620 853630 853641 853649 853650 853661 853669 853670 853690 853710 853720 854231 854232 854233 854239 854290 854330 854370 854390 854511 854519 854520 854590 854620 854690 902830 902890
(+ 87 more)
Inception date: 27 Dec 2013 | 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.
 
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