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 2011 | Removal date: open ended
Still in force

Trade finance

On 31 March 2011, the Japan Bank for International Cooperation (JBIC) signed a JPY 15.3 billion (approx. USD 185 million) Bank-to-Bank loan agreement with Indian ICICI Bank Limited.
The loan finances, through ICICI Bank, Indian Jaiprakash Power Ventures Limited purchase of fabricate supercritical pressure boiler/turbine sets manufactured by Japanese Mitsubishi Heavy Industries, Ltd. and exported from Japan by Marubeni Corporation.
In this context JBIC stated: 'JBIC is committed to continue steady support for Japanese business development in as well as exports to India's fast growing markets.'
 
Notably, JBIC signed an export credit line with ICICI Bank in March 2009, see related measure.
 
Bank-to-Bank Loans
JBIC provides export loans to foreign banks named Bank-to-Bank loans. Such 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

423 Steam generators, (except central heating boilers) & parts
8402 Steam or other vapour generating boilers (other than central heating hot water boilers capable also of producing low pressure steam); superheated water boilers.
840211 Watertube boilers with a steam production exceeding 45 t per hour
840212 Watertube boilers with a steam production not exceeding 45 t per hour
840219 Other vapour generating boilers, including hybrid boilers
840220 Superheated water boilers
840290 Parts
431 Engines & turbines & parts
8406 Steam turbines and other vapour turbines.
840610 Turbines for marine propulsion
840681 Of an output exceeding 40 MW
840682 Of an output not exceeding 40 MW
840690 Parts

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