§ Ann ClwydTo ask the Secretary of State for Trade and Industry, pursuant to his answer of 6 May 1999,Official Report, column 450, concerning ECGD liabilities in respect of exports in Indonesia if he will list (i) the unrecovered claims, (ii) the proportion of the unrecovered claims which relates to military exports and (iii) the unrecovered claims which ECGD expects to be written off. [85848]
§ Mr. Wilson(i) Details of the unrecovered claims arising in contracts involving exports to Indonesia are classified as "commercial in confidence" and cannot, therefore, be disclosed by ECGD without the consent of the individual exporters concerned.
236W(ii) The proportion of the unrecovered claims of £48 million which related to military exports was 52 per cent. (value £25 million).
(iii) ECGD expects that no unrecovered claims will be written off. It is expected that a full recovery will be made under the provisions of a bilateral rescheduling currently being negotiated between the UK and Indonesia. This bilateral debt agreement is intended to cover debt in relation to both civil and military contracts signed prior to 1 July 1997, and the debt to be restructured over the period to 31 March 2000 amounts to some £240 million.