ANNOUNCED AS TEMPORARYNo
On 30 March 2015 the Japan Bank for International Cooperation (JBIC) announced signing a JPY 9.672 billion (approx. USD 80.62 million) guarantee agreement with a number of commercial banks concerning principle and interest of loans to All Nippon Airways Holdings Inc. The loan is intended to support the airline's import of aircraft.
Guarantees for imports of manufactured goods
JBIC provides financial guarantees for goods and services deemed essential to the development of the Japanese economy. This includes the import of for example aircrafts. Further information can be found on the Bank's website under guarantees for imports of manufactured products.
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 trading partners are estimated on the basis of inbound air traffic to airports in Tokyo, Japan.
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