§ Sir Nicholas ScottTo ask the President of the Board of Trade if he will make a statement on credits extended from the United Kingdom to Taiwan; and to what extent payments on these are up to date. [22209]
§ Mr. OppenheimSince privatisation of the Export Credits Guarantee Department's short-term credit arm in 1991, medium and long-term export credit facilities have continued to be available to support UK capital goods and project exports to Taiwan.
Taiwan is only an occasional user of export credit, and ECGD's exposure is relatively modest, at £91 million as at 31 December 1995.
No delays in payment have been reported and no claims have been paid on business with Taiwan.