HC Deb 01 March 2000 vol 345 cc271-2W
Dr. Cable

To ask the Secretary of State for Trade and Industry how much ECGD cover was granted in respect of(a) heavily indebted poor countries, (b) lower middle income countries and (c) higher middle income countries in each of the financial years (i) 1995–96, (ii) 1996–97, (iii) 1997–98 and (iv) 1998–99 indicating in each case the percentages for civil aerospace and defence cover. [111008]

Mr. Byers

The following table lists the information requested on the basis of the country categorisations which informed ECGD's recent evidence to the International Development Committee. For completeness, ECGD has included details for all Low Income countries (not all of which are HIPCs) where ECGD cover has been provided.

ECGD cover for HIPC, LMI UMI countries
Total business (£Million) Defence (%) Civil (%) Aero (%)
FY 1995–96
HIPC 190 0 100 0
LMI 2,874 15 82 3
UMI 1,086 47 36 17
Value of ECGD cover in respect of guarantees issued in 1998–99—top ten exporters
Company Nature of Projects Markets Value of ECGD cover (£ million)
BAe Systems Civil Aerospace Belgium, Canada, China, Croatia, E1 Salvador, Greece, Hong Kong, Republic of Korea, Portugal, Thailand, Tunisia, Turkey, United Arab Emirates, United States, Uzbekistan 769
BAe Systems Defence Saudi Arabia, Republic of Korea 1,020
Marconi Communications; Marconi Electronic Systems Radio Communications and Defence India, Sweden, Brunei, United States, Japan 607
Mitsui Babcock Power Station China 264
Kvaerner Media Production and Blast Furnace Equipment Egypt, Republic of Korea 137
Vickers Defence Oman 131
ALSTOM Power Generation Equipment Mexico, Anguilla, Saint Kitts and Nevis 75
Rolls Royce Aero Engines China, United Arab Emirates 73
Bechtel Power Generation China 54
Dennis Buses Hong Kong 51
Coflexip Offshore Pipelines Brazil 38

Values shown in respect of Bae Systems include also amounts in respect of Rolls Royce aero engines.

ECGD cover for HIPC, LMI and UMI countries
Total business (£million) Defence (%) Civil (%) Aero (%)
FY 1996–97
HIPC 161 0 63 37
LMI 1,950 8 77 15
UMI 465 52 30 18
FY 1997–98
HIPC 17 0 100 0
LMI 1,156 10 44 46
UMI 914 29 67 5
FY 1998–99
HIPC 21 0 100 0
LMI 924 3 56 41
UMI 1,249 84 15 1

Notes:

1. HIPC: Highly Indebted Poor Countries

2. LMI: Low Middle Income

3. UMI: Upper Middle Income

It should be noted that countries do move from one category to another. The case records available do not indicate the category of the market at the time the guarantees were issued.

Dr. Cable

To ask the Secretary of State for Trade and Industry if he will list the 10 companies in receipt of the highest level of export credit guarantees for the financial year 1998–99, indicating the amount of cover given to each company and listing the projects for which it was given. [111009]

Mr. Caborn

The information requested is in the following table: