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: 02 Sep 2010 | Removal date: open ended
Still in force

Trade finance

On 2 September 2010, the Japan Bank for International Cooperation (JBIC) signed a JPY 7.9 billion (approx. USD 94 million) buyer's credit loan agreement with the National Authority for Tunnels (NAT) in Egypt.
 
The loan financec NAT's purchase of a fleet of rolling stock utilized for the construction of the Greater Cairo Metro Network's Line 3. The Japanese companies Kinki Sharyo Co., Ltd. and Toshiba Corporation will mainly produce the rolling stock, whilst Japanese Mitsubishi Corporation will be the direct supplier to NAT.
 
In this context the Bank stated: 'In the bidding for this project, a Japanese consortium competed with a European consortium for which a representative export credit agency offered favorable financing terms. However, after engaging in business negotiations, the Japanese consortium was awarded the order, with support from JBIC offering matching terms.'
 
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

495 Railway & tramway locomotives & rolling stock; parts
8607 Parts of railway or tramway locomotives or rollingstock.
860711 Driving bogies and bisselbogies
860712 Other bogies and bisselbogies
860719 Other, including parts
860721 Air brakes and parts thereof
860729 Other
860730 Hooks and other coupling devices, buffers, and parts thereof
860791 Of locomotives
860799 Other

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