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 Mar 2013 | Removal date: open ended
Still in force

Trade finance

The buyer’s credit loan agreement between JBIC and Indonesian PT. Telekomunikasi Indonesia Tbk  has a maximum value of USD 18.81 million. The loan finances the Indonesian company's financial contribution in the project, which will install an international submarine cable system. The the submarine optical fibre cable and related communication machinery and equipment purchased for the project will be manufactured by Japanese NEC Corporation and other Japanese companies.

In this context, the Bank stated: "JBIC will continue to support Japanese companies' overseas business deployment and export of Japanese infrastructure system to Indonesia and its neighboring countries, by drawing on its various financial facilities and schemes for structuring projects, and by performing its risk-assuming function."

Buyer's credit agreements
JBIC provides direct loans named buyer’s credit 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

463 Insulated wire & cable; optical fibre cables
8544 Insulated (including enamelled or anodised) wire, cable (including coaxial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with
854470 Optical fibre cables

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