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: 26 Mar 2010 | Removal date: open ended
Still in force

Trade finance

On 26 March 2010, the Japan Bank for International Corporation (JBIC) signed a buyer's credit agreement with Indonesian PT. Telekomunikasi Indonesia, Tbk (TELKOM) totalling approximately USD 60 million. The loan will finance the company's installation of a high-capacity submarine optic-fiber cable system around Kalimantan, Indonesia. The company was approved for this loan as it supports Japanese exports. In connection with the project, TELKOM will import telecommunication machinery and equipment from Japanese Fujitsu Limited.
 
In this context JBIC stated: '...JBIC intends to strengthen support for the business development including the expansion of export opportunity of Japanese firms in infrastructure projects through a variety of financial functions including corporate risk-taking operations for local firms similar to those applied to this loan."
 
Buyer's credit agreements
JBIC provides direct loans named buyer's credit to overseas importers. Loans 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

452 Computing machinery & parts
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851769 Other
472 Television & radio transmitters; cameras; telephone sets
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851711 Line telephone sets with cordless handsets
851712 Telephones for cellular networks or for other wireless networks
851718 Other
851761 Base stations
851762 Machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
474 Parts for the goods of classes 4721 to 4733 & 4822
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851770 Parts

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