ANNOUNCEMENT 09 Mar 2014

A new trade finance transaction was announced in March 2014.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 08 Aug 2014 | Removal date: open ended
Still in force

Trade finance

In early 2014, the Eximbank of India signed a loan agreement including requirements to source from India with the Republic of Congo.
On 9 March 2014, the Government of India agreed to provide a loan of USD 89.90 million to the Government of Congo for financing machinery, equipment, goods and services to develop a transportation system in Congo.

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.

The credit agreement came into force on 8 August 2014.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 08 Aug 2014 | 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.

 
N/A
 
N/A