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: 01 Jun 2015 | Removal date: open ended
Still in force

Trade finance

On 1 June 2015, the Japan Bank for International Cooperation issued a press release titled "Loan for Automobile Parts Manufacturing and Sales Business of Japanese Company in Mexico" to support the business deployment of Japanese SMEs in Mexico.
 
According to the press, JTEKT AUTOMOTIVE MEXICO, S.A. DE C.V. (JAMX), a Mexican subsidiary of JTEKT CORPORATION (JTEKT), will receive MXN 243 million (USD 15.3 million) loan support from JBIC. The loan is intended to finance, in local currency, the automobile electric power steering system manufacturing and sales business of JAMX in the state of San Luis Potosí, Mexico. 
 
Note: Japan Bank for International Cooperation (JBIC) is a fully governmental owned financial institution, supporting trade and oversea business activities of the Japanese firms.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870810 Bumpers and parts thereof
870830 Brakes and servobrakes; parts thereof
870840 Gear boxes and parts thereof
870850 Driveaxles with differential, whether or not provided with other transmission components, and nondriving axles; parts thereof
870870 Road wheels and parts and accessories thereof
870880 Suspension systems and parts thereof (including shock absorbers)
870891 Radiators and parts thereof
870892 Silencers (mufflers) and exhaust pipes; parts thereof
870893 Clutches and parts thereof
870894 Steering wheels, steering columns and steering boxes; parts thereof
870895 Safety airbags with inflater system; parts thereof
870899 Other
492 Motor vehicle bodies; trailers & parts thereof
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870821 Safety seat belts
870829 Other

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