ANNOUNCEMENT 28 Jan 2015In January 2015, the government of Japan announced a change in financial export support.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation press release: Export Credit Line for National Bank for Foreign Economic Activity of the Republic of Uzbekistan . Available at: http://www.jbic.go.jp/en/information/press/press-2014/0128-34747
JBIC information concerning overseas investment loans: http://www.jbic.go.jp/en/finance/investment
On 28 January 2015 the Japan Bank for International Cooperation signed (JBIC) a JPY 4.463 billion (ca. USD 37.48 million) export credit line agreement with the governmental National Bank for Foreign Economic Activity of the Republic of Uzbekistan. The loan funds the state of the Republic of Uzbekistan's development of terrestrial digital broadcast networks in various cities, including purchasing various digital broadcast network facilities from Japanese Ogawa Seika Co., Ltd.
In this context the Bank stated: 'Thus this project will contribute to not only developing a high-quality terrestrial digital broadcast network in Uzbekistan through financial support for exporting related equipment from Japan but also to maintaining and strengthening the international competitiveness of Japanese companies.'
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.
According to UN Comtrade, no trading partner exceeded the GTA threshold of USD 1 million in on the affected tariff lines in the year prior to the intervention. Thus, no affected trading partners have been identified.