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: 29 Jan 2015 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 29 January 2015 the Japan Bank for International Cooperation (JBIC) announced signing two overseas investment loan agreements totalling up to USD 58.8 million and USD 254.9 million with Japanese Mitsubishi Corporation. The loans fund the company's development of upstream natural gas fields and the construction of an LNG plant in Indonesia.
 
The LNG project is a joint project with Korea Gas Corporation; the state oil company of Indonesia PT. Pertamina; and PT. Medco Energi Internasional Tbk. JBIC supported this project with an overseas investment loan in project financing the 12 November 2014 (see related measure).
 
In this context the Bank additionally stated: 'Thus JBIC's support for this project will contribute to diversify the supply sources of LNG and securing its stable supply for Japan.'
 
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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271113 Butanes
271114 Ethylene, propylene, butylene and butadiene
271119 Other

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