Global Trade Alert
Global Trade Alert

Saudi Arabia: SFD signs SAR 187.5 million financing agreement with government of Cuba to promote Saudi exports

Announcement

21 Jul 2016

In July 2016, the government of Saudi Arabia announced a change in its trade finance instruments.

Source

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

27 Jul 2016

Revocation date:

No revocation date

Last action: 21 Jul 2016
Local value added incentive In force
According to the terms of the SFD, the goods and services exported within this transaction must contain a Saudi domestic value of 25% or more.
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Implementation date

27 Jul 2016

Revocation date:

No revocation date

Last action: 21 Jul 2016
Trade finance In force
On 21 July 2016, the Saudi Fund for Development (SFD) signed two agreements with Government of the Republic of Cuba. One agreement totalling SAR 120 million (approx. USD 32 million) will finance a Cub...
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