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: 04 Mar 2016 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 4 March 2016, the Japan Bank for International Cooperation (JBIC) signed overseas investment loan agreement with PT Krakatau Nippon Steel Sumikin amounting to a maximum USD 22 million. The company is an Indonesian joint venture company between Japanese Nippon Steel & Sumitomo Metal Corporation (NSSMC) and PT Krakatau Steel (Persero) Tbk from Indonesia.
 
The loan finances the Indonesian joint venture company's manufacturing and sales of cold-rolled, hot-dip galvanized, and galvannealed steel sheets for automobiles.
 
In this context the Bank stated: 'Through the support of such overseas business deployment of NSSMC, this financing will contribute to maintaining and strengthening the international competitiveness of Japanese industries.'
 
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 trading partners are identified based on UN Comtrade's import data from 2014.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7209 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, coldrolled (coldreduced), not clad, plated or coated.
720915 Of a thickness of 3 mm or more
720916 Of a thickness exceeding 1 mm but less than 3 mm
720917 Of a thickness of 0.5 mm or more but not exceeding 1 mm
720918 Of a thickness of less than 0.5 mm
720925 Of a thickness of 3 mm or more
720926 Of a thickness exceeding 1 mm but less than 3 mm
720927 Of a thickness of 0.5 mm or more but not exceeding 1 mm
720990 Other
7210 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, clad, plated or coated.
721011 Of a thickness of 0.5 mm or more
721012 Of a thickness of less than 0.5 mm
721020 Plated or coated with lead, including terneplate
721030 Electrolytically plated or coated with zinc
721049 Other
721050 Plated or coated with chromium oxides or with chromium and chromium oxides
721061 Plated or coated with aluminiumzinc alloys
721069 Other
721070 Painted, varnished or coated with plastics
721090 Other
7225 Flatrolled products of other alloy steel, of a width of 600 mm or more.
722511 Grainoriented
722519 Other
722530 Other, not further worked than hotrolled, in coils
722540 Other, not further worked than hotrolled, not in coils
722550 Other, not further worked than coldrolled (coldreduced)
722591 Electrolytically plated or coated with zinc
722592 Otherwise plated or coated with zinc
722599 Other

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