§ Mrs. ClwydTo ask the Secretary of State for Trade and Industry if he will make a statement on Cambodia and export credit guarantees; and if he will list all instances in the last 10 years in which export credit guarantees have been granted for trade with Cambodia.
§ Mr. RedwoodSince June 1975, ECGD cover for exports to Cambodia has been limited to business on maximum terms of 180 days where payment is secured by means of an irrevocable letter of credit confirmed, before shipment, by a bank in the United Kingdom.
On this basis, business insured in each of the past 10 years, with the exception of 1983, was less than £1,000. In 1983, exports totalling £200,000 were covered.
No relaxation of ECGD's terms of cover is envisaged in the foreseeable future.