Global Trade Alert
Global Trade Alert

Republic of Korea: Funding of Saudi purchases of Korean goods

Announcement

26 Apr 2011

In April 2011, the government of Republic of Korea announced a change in its trade finance instruments.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 May 2011

Revocation date:

No revocation date

Updated: 26 Apr 2011
Trade finance In force
On 26 April 2011 the Korean Eximbank signed a memorandum of understanding with Saudi ARAMCO whereby the former will provide loans and financial guarantees to promote the participation of Korean firms...
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