ANNOUNCEMENT 11 Sep 2009In September 2009, the government of Japan announced a change in financial export support.
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The Japan Bank for International Cooperation press release: JBIC Signs Loan Agreement with KDB under its Trade Finance Facility
Available at: http://www.jbic.go.jp/en/information/press/press-2009/0911-7195
On 11 September 2009, the Japan Bank for International Cooperation (JBIC) signed a loan agreement with the Korean Development Bank totaling up to JPY 20 billion (ca. USD 220 million as of September 2009). The loan will act as a trade finance facility to support Japanese exports to Korea.
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.