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: 24 Dec 2014 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 24 December 2014 the Japan Bank for International Cooperation (JBIC) signed a USD 175 million overseas investment loan agreement with Chinese Dalian COSCO KHI Ship Engineering Co., Ltd. (Dalian COSCO). The Japanese shipbuilding company Kawasaki Heavy Industries, Ltd. has an equity stake in the company. The loan finances Dalian COSCO's shipbuilding business in China.
In this context the Bank stated: 'Thus this loan will contribute to maintaining and strengthening the international competitiveness of the Japanese shipbuilding industry through support for Kawasaki's overseas business deployment.'
 
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

493 Ships
8901 Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods.
890110 Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferryboats of all kinds
890120 Tankers
890130 Refrigerated vessels, other than those of subheading 8901.20
890190 Other vessels for the transport of goods and other vessels for the transport of both persons and goods

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