§ Mr. FlynnTo ask the President of the Board of Trade if he will update his answer of 17 January 1992,Official Report, column 716, with respect to the trading operations of the Technology and Development Group based in London, in connection with the procurement of military usable technology for Iraq.
§ Mr. Needham[holding answer 19 November 1992]: I have nothing to add to the earlier answer given by my right hon. Friend.
Mr. Alan WilliamsTo ask the President of the Board of Trade how much cover was provided by the Export Credit Guarantee Department for exports to Iraq in the period from 1985 to the outbreak of hostilities; and how much of it is outstanding.
§ Mr. Heseltine[holding answer 20 November 19921]: A total of £615 million medium-term credit was made available to Iraq in the form of a series of financial protocols between 1985 and the outbreak of hostilities. In addition ECGD also insured cash and short-term credit transactions of £725 million over the same period. At present £830 million remains outstanding for payment, of which, as at 31 October 1992, £463 million represented unrecovered claims paid by ECGD.