§ Mr. Stanleyasked the Secretary of State for Trade what are the credit terms currently being offered by the Government or quasi-Government export credit organisations in each of the EEC countries.
§ Mr. DeakinsThe credit terms supported by export credit organisations vary 257W according to the nature and value of the goods. The terms supported by such organisations in EEC countries, including the United Kingdom, are in line with those supported by comparable organisations in other countries. Raw materials, semi-manufactures, consumer goods, spares and components are normally exported on repayment terms of up to six months' credit; capital and semi-capital goods are sold on up to five years' credit, but for substantial orders or for complete projects repayment periods of up to 10 years are common.