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: 11 Sep 2013 | Removal date: open ended
Still in force

Trade finance

Under the agreement between JBIC and Banco de Costa Rica, the two credit lines extended by JBIC has a total value of USD 30 million. Additionally, the loan is cofinanced by a number of private financial institution amounting to an approximate value of USD 50 million. The governmental agency Nippon Export and Investment Insurance will provide insurance for the cofinanced portion.

The credit lines will finance Costa Rican importers' purchase of renewable energy-related facilities and climate change mitigation-related facilities as well as general machinery and equipment from Japanese companies. Renewable energy-related facilities include the following power sources: geothermal, wind, biomass, solar and solar thermal generation. Climate change mitigation-related facilities include the following areas: "thermal power plants with CCS facilities, CCS projects, waste to energy projects, hybrid power plants, combined heat & power projects, district heating and/or cooling related projects. CCS is a technology that separates, captures, and stores carbon dioxide, a major culprit of greenhouse gases, in deep sea beds or underground geological formations.".

In this context, the Bank stated: "As a public financial institution, JBIC will continue to support Japanese industries, in cooperation with such overseas local financial institutions, by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function."

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

432 Pumps, compressors, hydraulic & pneumatic power engines; parts
8412 Other engines and motors.
841280 Other
433 Bearings, gears, gearing & driving elements; parts
8482 Ball or roller bearings.
848210 Ball bearings
8483 Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, including torque converters; flywheels and pulleys, including
848340 Gears and gearing, other than toothed wheels, chain sprockets and other transmission elements presented separately; ball or roller screws; gear boxes and other speed changers, including torque converters
461 Electric motors, generators & transformers; parts
8501 Electric motors and generators (excluding generating sets).
850131 Of an output not exceeding 750 W
8502 Electric generating sets and rotary converters.
850231 Windpowered
850239 Other
8503 Parts suitable for use solely or principally with the machines of heading 85.01 or 85.02.
850300 Parts suitable for use solely or principally with the machines of heading 85.01 or 85.02.
482 Instruments & control equipment, except optical instruments
9032 Automatic regulating or controlling instruments and apparatus.
903290 Parts and accessories

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