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: 02 Apr 2014 | Removal date: open ended
Still in force

Trade finance

The export loan agreement between JBIC and Turkish Yapı Kredi Bankasi A.S. has a total maximum value of USD 16.7 million. This loan is granted under the general agreement of export credit line signed in November 2012, see related state act. Additionally, the loan is co-financed by a private financial institution amounting to USD 27.8 million. The governmental agency Nippon Export and Investment Insurance will provide an Export Credit Insurance for the co-financed portion.

The loan finances Turkish Zorlu Jeotermal Enerji Elektrik Uretimi A.S., through the Turkish Yapı Kredi Bankasi A.S., purchase of machinery and equipment related to geothermal power generation from Japanese Toshiba Corporation.

In this context, JBIC stated: "... JBIC’s support of the export of machinery and equipment related to geothermal power plants through this loan will lead to the creation of export opportunities in the field of renewable energy sector in Turkey for Japanese companies. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries."

Export loans
JBIC provides direct loans to overseas importers. Loans are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank 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

423 Steam generators, (except central heating boilers) & parts
8402 Steam or other vapour generating boilers (other than central heating hot water boilers capable also of producing low pressure steam); superheated water boilers.
840211 Watertube boilers with a steam production exceeding 45 t per hour
840212 Watertube boilers with a steam production not exceeding 45 t per hour
840219 Other vapour generating boilers, including hybrid boilers
840220 Superheated water boilers
840290 Parts
431 Engines & turbines & parts
8406 Steam turbines and other vapour turbines.
840681 Of an output exceeding 40 MW
840690 Parts
461 Electric motors, generators & transformers; parts
8502 Electric generating sets and rotary converters.
850213 Of an output exceeding 375 kVA
850239 Other
482 Instruments & control equipment, except optical instruments
9026 Instruments and apparatus for measuring or checking the flow, level, pressure or other variables of liquids or gases (for example, flow meters, level gauges, manometers, heat meters), excluding instruments and apparatus of heading 90.14, 90.15, 90.28 or 9
902680 Other instruments or apparatus

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