§ Ms Roseanna CunninghamTo ask the Secretary of State for Trade and Industry how many(a) short term and (b) long term projects the Export Credits Guarantee Department estimates it will underwrite in the current financial year; and what are the values of each project. [150950]
§ Mr. CabornThe table summarises this information in relation to guarantees issued by ECGD in the current financial year. The table excludes business covered under the Overseas Investment Insurance which does not readily meet the criteria of the question.
2001–01 to 16 February Value range Number of guarantees Total value (£ million) Short Term Less than £10 million 37 54 £10 million-£20 million 3 43 £20 million-£30 million 1 24 £30 million-£40 million 1 31 £40 million-£50 million 0 0 £50 million-£100 million 0 0 + £100 million 0 0 42 153 Long Term Less than £10 million 55 260 £10 million-£20 million 27 401 £20 million-£30 million 13 319 £30 million-£40 million 7 227 £40 million-£50 million 2 87 £50 million-£100 million 3 208 +£100 million 6 1,384 113 2,886 Total for Year (excluding Oil) 155 3,038 ECGD estimates that it will issue guarantees in support of approximately a further £1 billion of Cash and Credit business by the end of the current year but is unable to provide the detail requested, partly on grounds of commercial confidentiality and partly on grounds of uncertainty as to which business in the pipeline will be the subject of a guarantee by 31 March.
§ Ms Roseanna CunninghamTo ask the Secretary of State for Trade and Industry which 10 countries have received the highest level of Export Credits Guarantee Department cover; and what was the value of credit attached to each country in 1999–2000. [150952]
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§ Mr. CabornThe information requested, which is included in ECGD' s Annual Report, is as follows:
£ million Saudi Arabia 1,000.0 Malaysia 884.7 USA 254.1 Turkey 240.6 Oman 217.7 South Africa 217.6 United Arab Emirates 191.4 Switzerland 146.8 Taiwan 130.9 Bahrain 115.4
§ Ms Roseanna CunninghamTo ask the Secretary of State for Trade and Industry how many contracts that were due to be settled in(a) 1999–2000 and (b) 2000–01 for the Export Credits Guarantee Department are still outstanding; and if he will make a statement. [150949]
§ Mr. CabornECGD estimate that the position is as follows:
Year Number of payments number of contracts Amount (£ million) 1999–2000 210 105 278 2001–01 139 70 202 The majority of these payments have either been rescheduled or are eligible for rescheduling via the Paris Club.
§ Ms Roseanna CunninghamTo ask the Secretary of State for Trade and Industry how many(a) short term and (b) long term projects in (i) 1997–98, (ii) 1998–99, (iii) 1999–2000 and (iv) 2000–01 the Export Credits Guarantee Department underwrote; and what was the total value of each project in each year. 1150951]
§ Mr. CabornThe table provides the information requested. This information excludes business covered under the Overseas Investment Insurance which does not readily meet the criteria of the question.
417W
FY/Value range Number of guarantees Total value (£ million) 1997–98 Short term Less than £10 million 60 174 £10 million-£20 million 7 107 £20 million-£30 million 5 117 £30 million-£40 million 1 34 £40 million-£50 million 0 0 £50 million-£100 million 2 136 £100 million+ 2 381 Total 77 774 Long Term Less than £10 million 71 289 £10 million-£20 million 32 508 £20 million-£30 million 13 288 £30 million-£40 million 7 243 £40 million-£50 million 1 48 £50 million-£100 million 6 474 £100 million+ 3 719 Total 133 2,568
FY/Value range Number of guarantees Total value (£ million) Total for year (excluding OII) 210 3,341 1998–99 Short term Less than £10 million 40 102 £10 million-£20 million 5 70 £20 million-£30 million 2 45 £30 million-£40 million 3 100 £40 million-£50 million 0 0 £50 million-£100 million 0 0 £100 million+ 2 1,580 Total 52 1,897 Long term Less than £10 million 66 295 £10 million-£20 million 29 391 £20 million-£30 million 15 358 £30 million-£40 million 2 69 £40 million-£50 million 2 83 £50 million-£100 million 2 114 £100million+ 1 193 Total 117 1,503 Total for year (excluding OII) 169 3,400 1999–2000 Short term Less than £10 million 23 49 £10 million-£20 million 2 28 £20 million-£30 million 2 53 £30 million-£40 million 2 70 £40 million-£50 million 1 40 £50 million-£100 million 3 249 £100 million+ 5 1,535 Total 38 2,024 Long Term Less than £10 million 77 341 £10 million to £20 million 27 376 £20 million to £30 million 18 467 £30 million to £40 million 9 292 £40 million to £50 million 2 89 £50 million to £100 million 6 407 £100 million+ 3 915 Total 142 2,886 Total for year (excluding OII) 180 4,911 2000–01 year to date Short term Less than £10 million 37 54 £10 million-£20 million 3 43 £20 million-£30 million 1 24 £30 million-£40 million 1 31 £40 million-£50 million 0 0 £50 million-£100 million 0 0 £100 million+ 0 0 Total 42 153 Long term Less than £10 million 55 260 £10 million-£20 million 27 401 £20 million-£30 million 13 319 £30 million-£40 million 7 227 £40 million-£50 million 2 87 £50 million-£100 million 3 208 £100 million+ 6 1,384 Total 113 2,886 Total for year (excluding OII) 155 3,038