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: 15 Aug 2012 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 15 August 2012, the overseas investment loan agreement between JBIC and SC Sierra Gorda Finance BV. has a value of USD 84 million. SC Sierra Gorda Finance BV. is a Dutch subsidiary of the Japanese Sumitomo Corporation.

The loan will finance the Dutch subsidiary's development of the Sierra Gorda Copper Mine. These activities notably related to the Japanese company's acquisition of shares in the Sierra Gorda Copper Mine project.

 

AFFECTED COUNTRIES

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