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

Financial assistance in foreign market

The overseas investment loan agreement between JBIC and JX Nippon Oil & Energy Corporation has a maximum value of USD 261 million.

The loan finances the Australian company JX Nippon Oil & Energy (Australia) Pty. Ltd.'s project to purchase 25% equity of a company, among others, having equity in the Susuka and the Sukunka mining area project in Canada. Through this acquisition, the Australian company seeks to produce cooking coal. The Australian company is 100% owned by JX Nippon Oil & Energy Corporation.

In this context, the Bank stated: "JBIC will actively support further development and acquisition of energy resources and mineral resources by Japanese companies."

Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank’s website under overseas investment 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

110 Coal & peat
2701 Coal; briquettes, ovoids and similar solid fuels manufactured from coal.
270119 Other coal

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