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Global Trade Alert

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Japan: Government announces financial aid to three companies for developing machine tools and industrial robots

Description

On 16 June 2023, the Ministry of Economy, Trade and Industry announced that Fanuc Corporation would receive a financial grant of JPY 19.7 billion (USD 139 million) for their machine tools and industri...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Jun 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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