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

Financial assistance in foreign market

On 31 March 2016, the Japan Bank for International Cooperation (JBIC) signed an overseas investment loan agreement with Japanese Toho Titanium Co., Ltd. totalling USD 2.7 billion.
The loan provides funds for a joint venture company in Saudi Arabia, Advanced Metal Industries Cluster and Toho Titanium Metal Company Limited (ATTM), to commence production and sales of titanium sponge . ATTM is jointly invested in by Toho Titanium and the Saudi Arabian company Advanced Metal Industries Cluster Company Limited.
In this context the Bank stated: 'As Japan's policy-based financial institution, JBIC will continue to support Japanese companies in promoting the development and acquisition of key natural resources, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.'
 
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. According to UN Comtrade, no trading partner exceeded the GTA threshold of USD 1 million on the affected tariff lines. Thus, no affected trading partners have been identified.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

393 Metal wastes or scraps
8108 Titanium and articles thereof, including waste and scrap.
810830 Waste and scrap
416 Other non-ferrous metals, cerments & articles thereos
8108 Titanium and articles thereof, including waste and scrap.
810820 Unwrought titanium; powders
810890 Other

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