IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

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: 25 Jul 2017 | Removal date: open ended
Still in force

Trade finance

The loan agreement extended by JBIC to Mongolian Khishig Arvin Industrial LLC, through the Ministry of Finance of Mongolia and Trade and Development Bank of Mongolia LLC, has a total value of JPY 400 million (USD 3.58 million). Additionally, the loan is co-financed by The Bank of Tokyo-Mitsubishi UFJ, Ltd with an approximate value of JPY 800 million (USD 7.17 million). The governmental agency Nippon Export and Investment Insurance will provide an insurance for the co-financed portion. The loan is granted through the already agreed export credit line, see related measure. The loan finances the Mongolian company's purchase of construction machinery from Japanese Komatsu Ltd.

In this context, the JBIC stated: "... through the promotion of Japanese exports, it (ed. the loan) contributes to maintaining and strengthening the Mongolian economy, as well as the international competitiveness of Japanese industries."

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 here to 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

442 Machine-tools & parts
8457 Machining centres, unit construction machines (single station) and multistation transfer machines, for working metal.
845710 Machining centres
845730 Multistation transfer machines

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