ANNOUNCEMENT 18 Jun 2015In June 2015, the government of Japan announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
On 18 June 2015, the Japan Bank for International Cooperation (JBIC) issued a press release titled "Export Credit Line for Enka Pazarlama in Turkey", to support the Japanese SME's business deployment in Turkey.
Based on the agreement with Enka Pazarlama Ihracat Ithalat A.S. (Enka Pazarlama), a Japanese owned company incorporated in Turkey, Enka Pazarlama will receive up to JPY 10 billion (USD 82 million) credit from JBIC, Sumitomo Mitsui Banking Corporation, and Nippon Export and Investment Insurance (NEXI).
This financial aid is intended to support the trade of the Japanese construction machinery and equipment imported by Enka Pazarlama to Turkey.
Note: Japan Bank for International Cooperation (JBIC) is a fully governmental owned financial institution, supporting trade and oversea business activities of the Japanese firms.