HC Deb 27 October 2003 vol 412 c16WS
Mr. Wray

To ask the Secretary of State for Trade and Industry what assistance her Department provides to manufacturing companies in the UK to improve export levels; and if she will make a statement on the importance of(a) manufacturing exports and (b) export credit guarantees to the UK economy. [133137]

Mr. Mike O'Brien

British Trade International, a joint DTI and FCO operation, provides a range of information, advice and support to enable potential and existing exporters, including manufacturers, to raise their productivity and competitiveness levels by trading internationally.

Manufacturing exports are a crucial part of the UK's prosperity. Manufacturing accounts for the majority of our exports and makes a substantial contribution to the balance of payments.

ECGD provides guarantees, insurance and reinsurance against loss to UK exporters and investors in overseas markets. During 2002/03, the total amount of business supported by ECGD was £3.5 billion.

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