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 Apr 2015 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 30 April 2015, the Japan Bank for International Cooperation (JBIC) announced its support for expansion of two Japanese SMEs in Mexico. The credit will be extended via the private Hiroshima Bank. However, the original funds are provided from JBIC through a dedicated credit line to Hiroshima Bank.
 
Based on the agreement, the HAL ALUMINUM MEXICO, S.A. DE C.V., a subsidiary of HIROSHIMA ALUMINUM INDUSTRY CO., LTD. will receive a loan of USD 21 million. Furthermore, ASAHI ALUMINIUM MEXICO, S.A. DE C.V., a subsidiary of Asahi Aluminium Co., Ltd. will receive a loan worth USD 8 million. The purpose of the loans is to support the expansion in the Mexican market for automobile parts.
 
The Japan Bank for International Cooperation (JBIC) is a fullygovernmental owned financial institution, supporting trade and overseasbusiness activities of the Japanese firms. The described loan is part of its new facility to support overseas business development and expansion, established in 2013 (see related measure).
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

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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