Global Trade Alert
Global Trade Alert

Saudi Arabia: SFD signs financing agreements totalling USD 70 million with three Turkish banks to promote Saudi exports

Announcement

19 Jun 2013

In June 2013, 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

19 Jun 2013

Revocation date:

No revocation date

Last action: 19 Jun 2013
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

19 Jun 2013

Revocation date:

No revocation date

Last action: 19 Jun 2013
Trade finance In force
On 19 June 2013, the Saudi Fund for Development (SFD), signed three financing agreements totalling USD 70 million with three Turkish bank respectively Ziraat Bank , Arab Turk Bank, and Fibabank A. S. ...
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