Global Trade Alert
Global Trade Alert

India: Loan to Vietnam to finance defense equipment purchase with a condition to source inputs from India

Announcement

15 Sep 2014

A new trade finance transaction was announced in September 2014.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 May 2015

Revocation date:

No revocation date

Last action: 15 Sep 2014
Trade finance In force
On 15 September 2014, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 100 million to the Government of Vietnam for financing purchase of ...
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Last action: 15 Sep 2014
Local value added incentive In force
The credit agreement requires that at least 75% of the goods and services for this project are sourced from India.
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