ANNOUNCEMENT 29 Oct 2014

A new trade finance transaction was announced in October 2014.

NUMBER OF INTERVENTIONS

3

  • 3 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



RBI A.P. (DIR Series) Circular No.65
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=9518&Mode=0


Inception date: 26 Dec 2014 | 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 Dec 2014 | Removal date: open ended
Still in force

Trade finance

 On 29 October 2014, the Government of India agreed to provide a loan of USD 22.50 million to the Government of Gambia for financing goods and services used for the replacement of Asbestos water pipes with UPVC pipes in the Banjul area in Gambia.

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 plant is sourced from India.

The credit agreement entered into force on 26 December 2014.
 
According to UN Comtrade, bilateral trade on the stated tariff line did no exceed USD 1 million for a single trading partner in 2013, the year prior to the imposition of this measure. Hence, no countries are listed as affected trading partners.

Inception date: 26 Dec 2014 | Removal date: open ended
Still in force

Trade finance

 On 29 October 2014, the Government of India agreed to provide a loan of USD 22.50 million to the Government of Gambia for financing goods and services used for the replacement of Asbestos water pipes with UPVC pipes in the Banjul area in Gambia.

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 plant is sourced from India.

The credit agreement entered into force on 26 December 2014.
 
According to UN Comtrade, bilateral trade on the stated tariff line did no exceed USD 1 million for a single trading partner in 2013, the year prior to the imposition of this measure. Hence, no countries are listed as affected trading partners.