HC Deb 28 November 1989 vol 162 cc169-70W
Mr. Corbyn

To ask the Secretary of State for Trade and Industry if he will list for each year since 1979 the number of agreements and total value of facilities under the export credit guarantee system between Britain and Iraq.

Mr. Redwood

[holding answer 24 November 1989]: Prior to 1983 United Kingdom export credit facilities for Iraq were limited to basic credit insurance on cash or short-term credit transactions. The value of such Iraq business insured by ECGD since 1979 is as follows:

Year £ million
1979 113
1980 170
1981 292
1982 589
1983 461
1984 140
1985 161
1986 208
1987 55
1988 121

In addition, since 1983, under a series of intergovernmental financial protocols, the ECGD has supported the financing of United Kingdom contracts on medium-term credit involving the sale of capital goods, services, pharmaceuticals and humanitarian products as follows:

  • 1983: £250 million for Capital Goods and Projects.
  • 1984: £250 million for Capital Goods and Projects.
  • 1984: £25 million for Pharmaceuticals and Humanitarian Products.
  • 1985: £50 million for Pharmaceuticals and Humanitarian Products.
  • 1986: £50 million for Pharmaceuticals and Humanitarian Products.
  • 1987: £100 million for Capital Goods, Services and Projects.
  • 1987: £75 million for Pharmaceuticals and Humanitarian Products.
  • 1988: £60 million for Pharmaceuticals and Humanitarian Products.
  • 1988: £280 million for Capital Goods, Services and Projects.

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