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: 23 Mar 2015 | Removal date: open ended
Still in force

Trade finance

On 23 March 2015 the Japan Bank for International Cooperation (JBIC) signed an individual loan agreement with Turkish commercial bank Yapi ve Kredi Bankasi A.S. for approximately EUR 22 million (ca. USD 25.17 million). The loan was granted under the 2012 credit line that intends to promote exports to Turkey and its neighbours. The loan funds, through the Turkish commercial bank, the purchase, by Turkish Borusan Makina Ve Guc Sistemleri Sanayi Ve Ticaret A.S., of hydraulic excavators from Japanese Caterpillar Japan Ltd.
 
Export credit lines
JBIC provides direct loans to overseas importers or export credit lines to foreign banks. Loans or credit lines are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank hereto stated that these loans are intended to 'positively contribute to Japanese companies'. Further information can be found on the Bank's website under export 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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

444 Machinery for mining, quarrying & construction; parts
8429 Selfpropelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and road rollers.
842911 Track laying
842919 Other
842920 Graders and levellers
842930 Scrapers
842940 Tamping machines and road rollers
842951 Frontend shovel loaders
842952 Machinery with a 360? revolving superstructure
842959 Other

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