Export Credits Guarantee Department (Hansard, 7 February 1996)

HC Deb 07 February 1996 vol 271 c230W 230W

§ Mr. Meacher
To ask the President of the Board of Trade if he will estimate the amount paid under ECGD guarantees since 1980 in relation to trade with the United Arab Emirates; what was(a) the amount paid to banks under buyer credit and line of credit facilities, (b) the amount paid directly to exporters under short-term or supplier credit facilities and (c) the amount subsequently recovered; and if he will estimate the proportion of each figure paid in respect of (i) the export of military and related equipment and (ii) the export of military and related equipment where the end user has been assessed to have been Iraq. [13946]

§ Mr. Oppenheim
Since 1980, the ECGD has paid claims of £27.9 million in relation to trade with the United Arab Emirates and made recoveries of £15.1 million. Of the claims, £21.3 million related to short-term or supplier credit facilities. The ECGD maintains no records of the goods supplied under its now privatised short-term business, but there is otherwise no record of any of the claims relating to arms business.

§ Mr. Meacher
To ask the President of the Board of Trade if he will estimate the amount paid under ECGD guarantees since 1980 in relation to trade with Singapore; what was(a) the amount paid to banks under buyer credit and line of credit facilities, (b) the amount paid directly to exporters under short-term or supplier credit facilities and (c) the amount subsequently recovered; and if he will estimate the proportion of each figure paid in respect of (i) the export of military and related equipment and (ii) the export of military and related equipment where the end user has been assessed to have been Iraq. [13945]

§ Mr. Oppenheim
Since 1980, the ECGD has paid claims of £13.1 million in relation to trade with Singapore and made recoveries of £1.43 million. All the claims related to short-term or supplier credit facilities. The ECGD maintains no record of the goods supplied under its now privatised short-term business, but there is otherwise no record of any of the claims relating to arms business.