Global Trade Alert
Global Trade Alert

India: Loan to Seychelles with a condition to procure goods and services from India

Announcement

25 Jun 2018

India extended an open-ended line of credit to Seychelles.

 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

23 Jun 2018

Revocation date:

No revocation date

Updated: 25 Jun 2018
Local value added incentive In force

The credit agreement for this line of credit will potentially require that Seychelles source at least 75% of the contract price of goods and services associated with the project from India.

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Updated: 25 Jun 2018
Trade finance In force

On 25 June 2018, the Export-Import Bank of India (EXIM Bank), on behalf of the Government of India, extended a Line of Credit of USD 10 million to the Government of Seychelles for fi...

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