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: 22 Mar 2011 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 22 March 2011, the Japan Bank for International Cooperation (JBIC) signed a USD 120 million overseas investment loan agreement with Brazilian Usinas Siderúrgicas de Minas Gerais S.A. (USIMINAS). Additionally, Mizuho Corporate Bank, Ltd. will co-finance the loan with JBIC providing a guarantee for this co-financed portion. In this context the Brazilian company is Japanese Nippon Steel Corporation (NSC)'s equity method affiliate. The loan finances USIMINAS' new rolling mill for the existing heavy plate production facility located in Brazil.
In this context JBIC stated: 'This loan will support NSC's overseas business strategy, which will ultimately serve to maintain and enhance the international competitiveness of the Japanese steel industry.'
 
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 COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7211 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, not clad, plated or coated.
721114 Other, of a thickness of 4.75 mm or more
721119 Other
721123 Containing by weight less than 0.25 % of carbon
721129 Other
721190 Other
7212 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, clad, plated or coated.
721210 Plated or coated with tin
721220 Electrolytically plated or coated with zinc
721230 Otherwise plated or coated with zinc
721240 Painted, varnished or coated with plastics
721250 Otherwise plated or coated

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