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: 10 Dec 2012 | Removal date: open ended
Still in force

Financial assistance in foreign market

The overseas investment loan agreements between JBIC and JD Rockies Resources Limited has a maximum value of USD 308 million. The company is located in the United States and is a subsidiary of the Japanese company ITOCHU Corporation.

The loan finances ITOCHU Corporation's ability, through its subsidiary, to acquire around 25% equity shares of Samson Investment Company. In doing so the Japanese company is able to participate in the development of unconventional natural resources in the United States and being given a portion of the natural gas hereto produced.

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

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

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas

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