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

Financial assistance in foreign market

On 9 March 2016, the Japan Bank for International Cooperation (JBIC) signed an approximate EUR 244 million (Approx. USD 278.3 million) overseas investment loan agreement with Dutch Clusius C.V. in project financing. The company is a limited partnership established by Japanese Mitsubishi Corporation and Dutch Eneco Holding N.V.
The loan finances the company's operation of the offshore wind farm Luchterduinen (Q10) and sales of electricity to its wholly owned subsidiary Eneco Energy Trade B.V.
In this context the Bank stated: 'JBIC's support for Japanese companies to participate in such projects through long-term financing will contribute to maintaining and strengthening the international competitiveness of Japanese industries.'

Project finance
Project financing loans include preferential terms such as repayments being solely made from the project's cash flow generation and secured on the basis of the project's assets alone. As such the loan agreement is tied to the project's finances and not the company in question.

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

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