§ Mr. ByersTo ask the President of the Board of Trade what is his estimate of the potential export credit guarantee liability in respect of contracts entered into with companies in Iraq or the Government of Iraq; how much of this amount is in respect of defence contracts; and what amount of export credit guarantee liability has been actually paid. [16994]
§ Mr. Ian Taylor[holding answer 28 March 1995]: The ECGD's current exposure on Iraq is estimated at £652 million, of which £593 million relates to un-recovered claims payments. Over the period 1985–90, ECGD supported about £52 million for exports with potential defence applications.