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 Delta Kogyo Co., Ltd. totalling USD 10 million.
The loan finances the company's Mexican subsidiary Tritech Autoparts Mexicana, S.A. de C.V.'s manufacturing and sales of automotive seats in Mexico.
 
In this context the Bank stated: 'Through the support of such overseas business deployment of Delta, 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

381 Furniture
9401 Seats (other than those of heading 94.02), whether or not convertible into beds, and parts thereof.
940110 Seats of a kind used for aircraft
940120 Seats of a kind used for motor vehicles
940130 Swivel seats with variable height adjustment
940169 Other
940171 Upholstered
940180 Other seats
940190 Parts

Please report this page in case you detect an inaccuracy in its content.