Global Trade Alert
Global Trade Alert

India: Loan to Mongolia to develop railway infrastructure with a condition to source inputs from India

Announcement

03 May 2016

A new trade finance transaction was announced in May 2016.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Aug 2017

Revocation date:

No revocation date

Last action: 03 May 2016
Trade finance In force
On 3 May 2016, the Export Import Bank of India, on behalf of the Government of India, extended a Line of Credit of USD 1 billion to the Government of Mongolia for financing the development of "railwa...
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Last action: 03 May 2016
Local value added incentive In force
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...
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