§ Mr. Burtasked the Secretary of State for Trade and Industry what progress has been made in establishing a soft loan facility to assist United Kingdom companies pursuing project business in Indonesia.
§ Mr. ChannonI am pleased to announce that a concessional loan facility for Indonesia has now been finalised. It will support contracts for United Kingdom exports, against identified projects, to a value of some £140 million over the next three years. This was agreed in a memorandum of understanding which was signed between Her Majesty's Government and the Government of the Republic of Indonesia in Jakarta on 16 July 1986. I very much hope that valuable contracts currently being negotiated by United Kingdom companies in relation to agreed projects can soon be finalised, and thereby bring real economic benefits to both our countries.