AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
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.
⚑ Please report this page in case you detect an inaccuracy in its content.