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: 02 Sep 2015 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 2 September 2015 the Japan Bank for International Cooperation (JBIC) signed a USD 485.1 million project finance and overseas investment loan agreement with Caribbean Gas Chemical Limited. The company is jointly established by the Japanese companies Mitsubishi Gas Chemical Company, Inc. (MGC), Mitsubishi Corporation (MC) and Mitsubishi Heavy Industries, Ltd. as well as the Trinidad and Tobago companies National Gas Company of Trinidad and Tobago Limited and Massy Holdings Limited.
The loan finances the company's methanol and dimethyl ether production project in Trinidad and Tobago.
 
Project Financing
Project financing loans include preferential terms such as repayments being solely made from the project's cash flow generation and secured on the basis of the project's assets alone. As such the loan agreement is tied to the project's finances and not the company in question.
 
Overseas Investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank's website under overseas investment loans.
 
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.
 
According to UN Comtrade, no trading partner exceeded the GTA threshold of USD 1 million on the affected tariff lines in the year prior to the intervention. Thus, no affected trading partners have been identified.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

341 Basic organic chemicals
2905 Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives.
290512 Propan1ol (propyl alcohol) and propan2ol (isopropyl alcohol)
290513 Butan1ol (nbutyl alcohol)
290514 Other butanols
290516 Octanol (octyl alcohol) and isomers thereof
290519 Other
290522 Acyclic terpene alcohols
290529 Other
290531 Ethylene glycol (ethanediol)
290532 Propylene glycol (propane1,2diol)
290539 Other
290541 2Ethyl2(hydroxymethyl)propane1,3diol (trimethylolpropane)
290542 Pentaerythritol
290549 Other
290559 Other
2909 Ethers, etheralcohols, etherphenols, etheralcoholphenols, alcohol peroxides, ether peroxides, ketone peroxides (whether or not chemically defined), and their halogenated, sulphonated, nitrated or nitrosated derivatives.
290919 Other
290930 Aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives
290941 2,2'Oxydiethanol (diethylene glycol, digol)
290943 Monobutyl ethers of ethylene glycol or of diethylene glycol
290944 Other monoalkylethers of ethylene glycol or of diethylene glycol
290949 Other
290950 Etherphenols, etheralcoholphenols and their halogenated, sulphonated, nitrated or nitrosated derivatives
290960 Alcohol peroxides, ether peroxides, ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives

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