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: 06 Jun 2017 | Removal date: open ended
Still in force

Financial assistance in foreign market

The overseas investment loan agreement between JBIC and Chilean Minera Escondida Limitada has a maximum value of USD 300 million. The Japanese companies Mitsubishi Corporation, JX Nippon Mining & Metals Corporation and Mitsubishi Materials Corporation have invested in the Chilean company alongside a number of foreign companies. The loan finances the Chilean company's expansion project of the Escondida Copper Mine in Chile to increase the production capacity of copper concentrate.

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

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

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