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
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Inception date: No inception date

Trade finance

On the 27 June 2013, the Export-Import Banks (Eximbank) of Korea and China concluded the Reciprocal Risk Participation Agreement (RRPA). The agreement aims to support collaboration between Korean and Chinese companies when entering a third country through co-financing in the form of loans or guarantees.

Under the agreement, the Eximbank of the leading company's jurisdiction will finance the given project. In turn, the other Eximbank will provide a guarantee proportionate to the participation of companies from its jurisdiction. For actions taken under the RRPA, see related measure.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

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