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: 28 Dec 2012 | Removal date: 28 Dec 2013
Still in force

Trade finance

On 28 December 2012, the Japan Bank for International Cooperation (JBIC) agreed with the Government of the Bolivarian Republic of Venezuela to offer an export loan to finance the national railway company, Istituto de Ferrocarriles del Estado.
 
The loan amounts to JPY 17 billion (USD 16.71 million), of which JPY 10.2 billion (USD 10.03 million) are provided by JBIC and the rest by Mizuho Corporate Bank, Ltd. The loan is extended for the purchase of railway cars produced by Japanese companies only. The JBIC reports that it will 'support the transport infrastructure deployment of Japanese companies in Venezuela'.
 
The JBIC is a public financial institution and export credit agency created on 1 October 1999 through the merger of the Japan Export-Import Bank and the Overseas Economic Cooperation Fund.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

495 Railway & tramway locomotives & rolling stock; parts
8603 Selfpropelled railway or tramway coaches, vans and trucks, other than those of heading 86.04.
860310 Powered from an external source of electricity
860390 Other
8606 Railway or tramway goods vans and wagons, not selfpropelled.
860699 Other

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