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

Trade finance

Under the agreement between JBIC and Sberbank of Russia, the credit line extended by JBIC has a value of USD 360 million. The export credit line will finance companies' imports in the CIS region including Russian importers' purchase of renewable energy-related facilities and climate change mitigation-related facilities as well as "construction machinery for infrastructure development and other general equipment related to infrastructure and medical treatment" 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 etc. "Carbon dioxide Capture and Storage (CCS) is a technology that separates and captures carbon dioxide from emissions from fossil fuel power plants and stores it in deep waterbeds or geological formations".

In this context, the Bank stated: "As a public financial institution, JBIC will continue to support business expansion of Japanese companies in Russia and its neighboring countries, in collaboration with overseas local financial institutions, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function."

Export credit lines
JBIC provides direct loans to overseas importers or export credit lines to foreign banks. Loans or credit lines 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

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
435 Lifting & handling equipment & parts
8431 Parts suitable for use solely or principally with the machinery of headings 84.25 to 84.30.
843110 Of machinery of heading 84.25
843120 Of machinery of heading 84.27
843131 Of lifts, skip hoists or escalators
843139 Other
843141 Buckets, shovels, grabs and grips
442 Machine-tools & parts
8457 Machining centres, unit construction machines (single station) and multistation transfer machines, for working metal.
845710 Machining centres
845720 Unit construction machines (single station)
845730 Multistation transfer machines
444 Machinery for mining, quarrying & construction; parts
8431 Parts suitable for use solely or principally with the machinery of headings 84.25 to 84.30.
843142 Bulldozer or angledozer blades
843143 Parts for boring or sinking machinery of subheading 8430.41 or 8430.49
843149 Other
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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