§ Mr. HancockTo ask the President of the Board of Trade what factors underlay the decision to grant Indonesia an ECGD guarantee for five years' credit on defence exports. [29158]
§ Mrs. RocheECGD's role is to encourage UK 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.