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: 25 Oct 2015 | Removal date: open ended
Still in force

Trade finance

On 25 October 2015 the Japan Bank for International Cooperation (JBIC) signed a JPY 41.544 billion (USD 340 million) export credit line agreement with Uzbek Joint-Stock Commercial Bank ASAKA. The loan will finance the Uzbek Navoiyazot Joint-Stock Company's purchase of a fertilizer plant facility from Japanese Mitsubishi Heavy Industries, Ltd. and Mitsubishi Corporation. An additional loan amounting to JPY 69.24 billion (ca. USD 586 million) is provided by a number of private banks that the government agency Nippon Export and Investment Insurance is insuring.
In this context the Bank stated: 'JBIC's support for the export of the fertiliser plant by Japanese companies through this loan will help create business opportunities for Japanese companies in the oil and gas industry of Uzbekistan, thereby contributing to maintaining and strengthening the international competitiveness of Japanese industries.'
 
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.
 
Export credit lines
JBIC provides direct loans to overseas importers or export credit lines to foreign banks. Loans or credit lines are obtained if the loan 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.

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

373 Refractory products & structural non-refractory clay products
3816 Refractory cements, mortars, concretes and similar compositions, other than products of heading 38.01.
381600 Refractory cements, mortars, concretes and similar compositions, other than products of heading 38.01.
432 Pumps, compressors, hydraulic & pneumatic power engines; parts
8481 Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressurereducing valves and thermostatically controlled valves.
848110 Pressurereducing valves
848120 Valves for oleohydraulic or pneumatic transmissions
848130 Check (nonreturn) valves
848140 Safety or relief valves
848180 Other appliances
848190 Parts
442 Machine-tools & parts
8479 Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
847930 Presses for the manufacture of particle board or fibre building board of wood or other ligneous materials and other machinery for treating wood or cork
444 Machinery for mining, quarrying & construction; parts
8479 Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
847910 Machinery for public works, building or the like
449 Other special-purpose machinery & parts
8479 Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
847940 Rope or cablemaking machines
847950 Industrial robots, not elsewhere specified or included
847960 Evaporative air coolers
847971 Of a kind used in airports
847979 Other
847981 For treating metal, including electric wire coilwinders
847982 Mixing, kneading, crushing, grinding, screening, sifting, homogenising, emulsifying or stirring machines
847989 Other
847990 Parts

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