India Exim to promote trade with Eastern Europe

Indian exporters look to the export-import bank of India for comfort when exporting to Eastern Europe.

The export-import bank of India Exim bank will confirm export letters of credit from pre-approved banks in the Former Soviet Union FSU and Central and Eastern Europe CEE countries through a new programme between the Exim bank and the European Bank for Reconstruction and Development EBRD. The arrangement aims to boost Indian exports to a region considered to be high-risk.

The Export Credit Loan Arrangement Technique ECLAT sees the Exim Bank confirming and guaranteeing letters of credit,...

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