IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Feb 2012 | Removal date: open ended
Still in force

Trade finance

On 7 February 2012, the Japan Bank for International Cooperation (JBIC) agreed with Indonesia Eximbank to offer an export credit line for the purchase of machinery and equipment.
The credit line amounts to USD 100 million, of which USD 60 million provided by JBIC and the rest by Sumitomo Mitsui Banking Corporation. The funds can be used to extend medium- and long-term loans to finance the purchase of machinery, equipment and services by Indonesian companies from Japanese exporters.
The JBIC reported that 'this credit line will support the expansion of Japanese exports to the country and is expected to help further strengthen economic relations between the two countries'.
 
The JBIC is a public financial institution and export credit agency created on 1 October 1999 through the merger of the Japan Export-Import Bank and the Overseas Economic Cooperation Fund.

AFFECTED COUNTRIES

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