Global Trade Alert
Global Trade Alert

UK: Eximbank guarantees up to 300 million USD credit for Jamnagar Refinery expansion

Announcement

09 Dec 2013

In December 2013, the British government announced a change in its trade finance instruments.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Dec 2013

Revocation date:

No revocation date

Last action: 09 Dec 2013
Local value added incentive In force
According to a media report (cf. Sources), UKEF provides loans under the condition that at least 25% of the loan is targeted to support British jobs.
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Last action: 09 Dec 2013
Trade finance In force
On 9 December 2013, the UK Export Finance agency announced it would guarantee a 300 million USD contract by Reliance Industries Unlimited for investments at the Jamnagar Refinery in the Indian state ...
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