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: 24 May 2012 | Removal date: 22 Dec 2012
Still in force

Trade finance

On 24 May 2012, the Japan Bank for International Cooperation (JBIC) agreed with Corporación Nacional del Cobre de Chile (CODELCO) to offer an import loan.
 
The loan amounts to USD 320 million, of which USD 224 million are provided by JBIC and the rest by Mitzuho Corporate Bank Ltd.
 
The funds can be used to establish a new refinery plant to produce molybdenum products, whereas CODELCO signed a long-term agreement with several Japanese firms, promising to sell its molybdenum oxide to them.
 
The JBIC stated that it 'will continue to support the development and acquisition of interest in natural resources that are strategically important for Japan by negotiating with foreign governments and companies'.
 
 
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

342 Basic inorganic chemicals n.e.c.
2825 Hydrazine and hydroxylamine and their inorganic salts; other inorganic bases; other metal oxides, hydroxides and peroxides.
282510 Hydrazine and hydroxylamine and their inorganic salts
282530 Vanadium oxides and hydroxides
282540 Nickel oxides and hydroxides
282550 Copper oxides and hydroxides
282560 Germanium oxides and zirconium dioxide
282570 Molybdenum oxides and hydroxides
282580 Antimony oxides
282590 Other

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