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: 29 May 2014 | Removal date: open ended
Still in force

Trade finance

The buyer's credit agreement between JBIC and the Government of Turkmenistan has a total maximum value of USD 438 million. Additionally, the loan is co-financed by a number of private financial institutions amounting to an approximate value of USD 730 million. The governmental agency Nippon Export and Investment Insurance will provide an insurance for the cofinanced portion.

The agreement finances the state-owned company Turkmengaz purchase of a set of plant facilities from Japanese Toyo Engineering Corporation including a gas separation unit, ethane cracker and polypropylene production facilities.

In this context, JBIC stated: "... JBIC's support for Japanese companies' ethylene complex facility export with this loan will lead to creating business opportunities for Japanese companies in the oil and gas sector, thereby contributing to maintaining and improving the international competitiveness of Japanese industry."

Buyer's credit agreements
JBIC provides direct loans named buyer’s credit to overseas importers. Loans 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

369 Other plastics products
3926 Other articles of plastics and articles of other materials of headings 39.01 to 39.14.
392690 Other
439 Other general-purpose machinery & parts
8419 Machinery, plant or laboratory equipment, whether or not electrically heated (excluding furnaces, ovens and other equipment of heading 85.14), for the treatment of materials by a process involving a change of temperature such as heating, cooking, roasting
841960 Machinery for liquefying air or other gases
8421 Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus, for liquids or gases.
842199 Other

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