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

Financial assistance in foreign market

The overseas investment loan agreements between JBIC and US companies MEPUS Holdings Corporation, MOEX USA Corporation and MEP Texas Holdings LLC has a maximum value of USD 144 million, USD 134 million and USD 504 million respectively. MEPUS Holdings Corporation is a US subsidiary of Japanese Mitsui & Co., Ltd; MOEX USA Corporation is a US subsidiary of Japanese Mitsui Oil Exploration Co., Ltd.; and MEP Texas Holdings LLC is owned by the aforementioned US subsidiaries MEPUS Holdings Corporation (60%) and MOEX USA Corporation (40%).

The loans finance Mitsui E&P Texas LP's acquisition of 12.5% interests in the Eagle Ford shale oil/gas area in Texas, the United States as well as the development of the area. Mitsui E&P Texas LP is a subsidiary of MEP Texas Holdings LLC.

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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