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: 13 Feb 2013 | Removal date: open ended
Still in force

Financial assistance in foreign market

The overseas investment loan agreement between JBIC and Japanese Sumitomo Metal Mining Co., Ltd has a maximum value of USD 92 million, whilst the loan agreement between Japanese Mitsui & Co., Ltd and JBIC totals a maximum value of USD 16 million.

The loans finance the Japanese companies' participation in "a nickel/cobalt mixed sulfide (MS) production project". The project is undertaken by the Philippine company Taganito HPAL Nickel Corporation, which both Japanese companies hold equity stakes jointly with Philippine Nickel Asia Corporation. This project is estimated to produce approximately 50,000 tonne of nickel/cobalt MS (a specific intermediary product produced in the nickel smelting process) annually. Notably, JBIC additionally supported this project in July 2011, see related measure.

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

414 Copper, nickel, aluminium, alumina, lead, zinc & tin, unwrought
7501 Nickel mattes, nickel oxide sinters and other intermediate products of nickel metallurgy.
750120 Nickel oxide sinters and other intermediate products of nickel metallurgy
416 Other non-ferrous metals, cerments & articles thereos
8105 Cobalt mattes and other intermediate products of cobalt metallurgy; cobalt and articles thereof, including waste and scrap.
810520 Cobalt mattes and other intermediate products of cobalt metallurgy; unwrought cobalt; powders

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