IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jun 2010 | Removal date: open ended
Still in force

Trade finance

 On 31 May 2010 the Japan Bank for International Cooperation (JBIC) signed a letter of intent with three commercial banks in the ASEAN region (Maybank in Malaysia, PT Bank International in Indonesia, and Maybank Philippines.) Of the three banks Maybank is perhaps the most important as it has branch offices in Singapore, Cambodia, Vietnam and Brunei, in addition to a substantial network in Malaysia. According to the relevant press release "The untied loan aims to provide financing for Japanese affiliates operating in the ASEAN region and their local supporting industries by collaborating with Maybank group...."
Such funding arrangements put non-Japanese firms operating supply chains in the ASEAN region at a disadvantage.

AFFECTED COUNTRIES

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