§ Lord Moynihanasked Her Majesty's Government:
How many British companies are currently trading with Zimbabwe; what advice is currently given to such companies; and what restrictions are in place on them. [HL1029]
§ Lord Sainsbury of TurvilleUK Trade & Investment has no statistics on the number of UK companies trading with Zimbabwe. UK Trade & Investment offers general advice to UK companies wishing to trade with Zimbabwe and deals with inquiries on a responsive basis only. There is currently an EU arms embargo, but no economic or trade sanctions have been imposed.
§ Lord Moynihanasked Her Majesty's Government:
What state aid, including tax credits, subsidies and guarantees, is available to companies trading with Zimbabwe. [HL1030]
§ Lord Sainsbury of TurvilleUK Trade & Investment services, some of which are subsidised, are available to companies trading with Zimbabwe. The Export Credits Guarantee Department (ECGD) does not currently make cover of any sort available to Zimbabwe. Zimbabwe has a double taxation treaty with the UK. The Zimbabwean Government offer certain tax incentives to foreign investors.