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: 21 Dec 2011 | Removal date: open ended
Still in force

Trade finance

The buyer's credit loan agreement between JBIC and the government of Indonesia has a value of JPY 2.088 billion (approx. USD 26.75 million).

Through the government of Indonesia, the loan finances the Indonesian state-owned power company, PT. PLN (Persero)'s purchase of a specific submarine power cables system from the Japanese consortium of companies including Sumitomo Corporation and J-Power Systems Corporation.

In this context, JBIC stated: "JBIC will continue to support the expansion of opportunities of Japanese firms to participate in the country’s infrastructure projects."

Buyer's credit agreements
JBIC provides direct loans named buyer’s credit to overseas importers. Loans are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank hereto stated that these loans are intended to “positively contribute to Japanese companies”. Further information can be found on the Bank’s website under export loans.

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

463 Insulated wire & cable; optical fibre cables
8544 Insulated (including enamelled or anodised) wire, cable (including coaxial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with
854411 Of copper

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