§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry what was the value of(a) military, (b) other manufactured and (c) financial services exports to and imports from Iraq in each year since 1980.
§ Mr. SainsburyTrade with Iraq in manufactured goods since 1980 is given in the table. The other information requested is not available.
837W
United Kingdom trade with Iraq Manufactured goods1 Year Exports £ million Imports 1980 285 5 1981 582 16 1982 809 14 1983 375 12 1984 290 25 1985 397 38 1986 420 27 1987 240 30 1988 353 37 1989 396 33 Source: Overseas Trade Statistics of the United Kingdom.
1 Manufactured goods are defined as Sections 5 to 8 of the Standard International Trade Classification Revision 3.
§ Mr. CorbynTo ask the Secretary of State for Trade and Industry what levels of credit guarantees by the Export Credits Guarantee Department have been made available to British-based companies for trade with Iraq for each year since 1979.
§ Mr. Sainsbury[holding answer 15 October 1990]: ECGD cover for exports to Iraq was available until earlier this year under both short-term and medium-term facilities. As a matter of general policy, ECGD's exposure on individual countries is not normally revealed publicly, but the amount of medium-term credit which was made available to Iraq sinces 1983 under a series of financial protocols is a matter of public knowledge, and was as follows:
Year Amount £ million To Finance 1983 250 capital goods and projects 25 pharmaceuticals 1984 250 capital goods and projects 50 pharmaceuticals 1986 50 pharmaceuticals 1987 100 capital goods 75 pharmaceuticals 1988 265 capital goods and projects 75 pharmaceuticals These protocols have not been fully taken up by the Iraqis, and the actual exposure is therefore less than the figures given above.