§ Mr. MullinTo ask the President of the Board of Trade what plans he has to review the export credit arrangements for arms sales; and if he will make a statement. [28390]
§ Mr. NelsonNone.
ECGD's role is to encourage United Kingdom capital goods and project exports by providing insurance against the risks of not being paid by overseas customers. Whether or not individual arms consignments are allowed to go overseas is a matter for the DTI's export licensing unit. Any exports which need an export licence, but do not have one, are not eligible for ECGD cover. ECGD support for defence and civil business is available on the same basis.