AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 18 March 2009 the Japan Bank for International Cooperation (JBIC) signed an export credit line agreement totalling USD 100 million with Indian ICICI Bank. The export credit line will finance Indian and neighboring countries' businesses when importing Japanese machinery, equipment and services
Export credit lines
JBIC provides direct loans to overseas importers or export credit lines to financial institutions. Loans or credit lines are obtained if the loan 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.
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