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: 30 Jun 2016 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 30 June 2016, the Japan Bank for International Cooperation (JBIC) signed a USD 1.2 billion overseas investment loan agreement with Japan International Finance Management (Tangguh) Corporation. The loan will finance a LNG project undertaken among others by the shareholders of Japan International Finance Management (Tangguh) Corporation. The project will develop and produce LNG from the gas fields located in Indonesia. Additionally, the project will expand the existing gas liquefaction facilities. The Japanese companies participating in this project are Mitsubishi Corporation, INPEX CORPORATION, JX Nippon Oil & Gas Exploration Corporation, LNG JAPAN CORPORATION, MITSUI & CO., LTD., and Japan Oil, Gas and Metals National Corporation alongside a number of foreign companies. The Japanese company own a total of 46% interest in these gas fields.

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.
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.
According to UN Comtrade, no trading partner exceeded the GTA threshold of USD 1 million on the affected tariff lines in the year prior to the intervention. Thus, no affected trading partners have been identified.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271113 Butanes
271114 Ethylene, propylene, butylene and butadiene
271119 Other

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