ANNOUNCEMENT 15 Sep 2014

A new trade finance transaction was announced in September 2014.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 22 May 2015 | Removal date: open ended
Still in force

Local sourcing

The credit agreement requires that at least 75% of the goods and services for this project are sourced from India.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 22 May 2015 | Removal date: open ended
Still in force

Trade finance

 On 15 September 2014, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 100 million to the Government of Vietnam for financing purchase of equipment and supplies. According to news reports, the loan will be used for defense purchases from India.

The credit agreement is effective from 22 May 2015 and requires that at least 75% of the contract price for goods and services associated with the project will be sourced from India.