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: 15 Nov 2010 | Removal date: open ended
Still in force

Trade finance

On 15 November 2010, the Japan Bank for International Cooperation (JBIC) signed a JPY 14.6 billion (approx. USD 176 million) untied loan agreement with the State of Săo Paulo. Moreover, JBIC provides a partial guarantee for an additional co-financed portion granted by a number of private Japanese banks.
The loan finances phase two of the Săo Paulo Metro Line 4 Extension Project undertaken by the Government of the State of Săo Paulo. A number of Japanese companies are participating in the metro operation area of this project.
In this context, JBIC stated: 'Upon successful completion of the Project, the resulting increase in passengers will help stabilize operation of the metro, and also improve the international competitiveness of Japanese firms in the rail transport sector.'
 
Untied Loans
Untied loans either finance projects with a specific global purpose and/or promote Japanese businesses. As such, untied loans may actively finance projects aimed at bettering the "global environment" or "sustaining and expanding trade and direct investment from Japan". More information can be found on the Bank's website under Untied 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
8608 Railway or tramway track fixtures and fittings; mechanical (including electromechanical) signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields; parts of the fo
860800 Railway or tramway track fixtures and fittings; mechanical (including electromechanical) signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields; parts of the fo

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