IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 May 2018 | Removal date: open ended
Still in force

Trade finance

During Prime Minister Abe's visit to the International Economic Forum (May 24-26, 2018) in St. Petersburg, Russia, a JBIC sponsored export credit line of 30 billion Yen ($275 million USD) was given to Russia and neighboring countries (CIS countries, Central Asia, etc.) A maximum amount of 40 billion Yen ($367 million USD) can be reached when consigned with Russia's largest commercial bank, Sverbank of Russia. The loan may be accessed by Russian and other CIS countries which hope to purchase Japanese machinery and equipment from Japanese exporters. 

With this credit line, JBIC aims to maintain and improve the international competitiveness of Japanese industries by promoting exports from Japan to Russia and its surrounding countries ("...本クレジットラインは、日本からロシア、更にはその周辺国への輸出を促進することで、日本の産業の国際競争力の維持・向上に貢献するものです").

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 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

431 Engines & turbines & parts
432 Pumps, compressors, hydraulic & pneumatic power engines; parts
433 Bearings, gears, gearing & driving elements; parts
434 Ovens & furnace burners & parts
435 Lifting & handling equipment & parts
439 Other general-purpose machinery & parts
441 Agricultural or forestry machinery & parts
442 Machine-tools & parts
443 Machinery for metallurgy & parts
444 Machinery for mining, quarrying & construction; parts
445 Machinery for food, beverage & tobacco processing; parts
446 Machinery for textile, apparel & leather production; parts
447 Weapons & ammunition & parts
448 Domestic appliances & parts
449 Other special-purpose machinery & parts
451 Office & accounting machinery and its accessories
452 Computing machinery & parts
461 Electric motors, generators & transformers; parts
462 Electricity distribution & control apparatus; parts
464 Accumulators, primary cells & primary batteries; parts
469 Other electrical equipment & parts
472 Television & radio transmitters; cameras; telephone sets
473 Broadcast recording apparatus; microphones, loudspeakers, etc.
475 Disks, tapes, storage devices & other media, not recorded
476 Disks, tapes & other physical media, recorded
478 Packaged software
479 Cards with magnetic strips or chip

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