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: 12 Sep 2012 | Removal date: open ended
Still in force

Trade finance

On 12 September 2012, the Japan Bank for International Cooperation (JBIC) agreed with the Indian Tata Steel Limited on an export loan over an unspecified amount to increase steel production.

The loan is provided jointly with the Bank of Tokyo-Mitsubishi UFJ, Ltd.

The loan is granted to finance the procurement and upgrade of a picking line-tandem cold mill manufactured by a Japanese company. The JBIC reports that 'this loan will contribute to maintaining and improving the international competitiveness of the Japanese steel-making facilities industry'.
 
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

443 Machinery for metallurgy & parts
8455 Metalrolling mills and rolls therefor.
845510 Tube mills
845521 Hot or combination hot and cold
845530 Rolls for rolling mills
845590 Other parts

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