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 the expansion of one Japanese firm in Indonesia. The credit will be co-financed with the private Mizuho Bank. 
 
Based on the agreement, the PT. JFE Steel Galvanizing Indonesia (JSGI), a subsidiary of JFE Steel Corporation (JFE Steel) in Indonesia, will receive a loan of USD 60 million. The purpose of the loan is to support the overseas production and sales business of high-end hot-dip galvanized steel sheet for automobiles.
 
The Japan Bank for International Cooperation (JBIC) is a fully governmental owned financial institution, supporting trade and overseas business 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 that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7301 Sheet piling of iron or steel, whether or not drilled, punched or made from assembled elements; welded angles, shapes and sections, of iron or steel.
730110 Sheet piling
730120 Angles, shapes and sections

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