Global Trade Alert
Global Trade Alert

India: Loan to Sri Lanka to finance purchase of petroleum products with the condition to source inputs from India

Announcement

02 Feb 2022

India has extended a loan to Sri Lanka for procurement of petroleum products with a condition to source inputs from India.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 Mar 2022

Revocation date:

No revocation date

Announced: 02 Feb 2022
Trade finance In force
On 2 February 2020, the Export-Import Bank of India (EXIM Bank), on behalf of the government of India, agreed to provide a Line of Credit (LoC) worth USD 500 million to the government of Sri Lanka. Th...
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Implementation date

18 Feb 2022

Revocation date:

No revocation date

Announced: 02 Feb 2022
Local value added incentive In force
On 2 February 2022, the Export-Import Bank of India (EXIM Bank) agreed to provide a Line of Credit (LoC) worth USD 500 million to the Government of Sri Lanka for the procurement of petroleum products....
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