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

Trade finance

The export loan between JBIC and VEB has a value of USD 22.95 million. The governmental agency Nippon Export and Import Insurance (NEXI) provides a Buyer’s Credit Insurance for the cofinanced portion of approximately USD 38.25 million provided by Japanese The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Through VEB, the loan finances the Russian company Amurskaya Lesopromyshlennaya Kompaniya LLC's purchase of wood processing machinery and equipment from the Japanese company Hashimoto denki Co., Ltd.

In this context, JBIC stated: "JBIC will continue to support the expansion of export business targeting Russia and other countries by Japanese firms, including SMEs."

JBIC already approved an export loan in June 2011 (see related measure). Both loans follow the Memorandum of Understanding signed between VEB and JBIC in May 2009. 

Export Loans
JBIC provides direct loans named export loans 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

442 Machine-tools & parts
8465 Machinetools (including machines for nailing, stapling, glueing or otherwise assembling) for working wood, cork, bone, hard rubber, hard plastics or similar hard materials.
846510 Machines which can carry out different types of machining operations without tool change between such operations
846591 Sawing machines
846592 Planing, milling or moulding (by cutting) machines
846593 Grinding, sanding or polishing machines
846594 Bending or assembling machines
846595 Drilling or morticing machines
846596 Splitting, slicing or paring machines
846599 Other

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