kIgvU0f5
type: Answer
type: WrittenAnswer
answer has question: 06UPgsQ8
answer has answering person: dougZwFw
answer text: Mr. Patrick Thompson: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on aid andtrade provision. [18277]Dr. Liam Fox: Given the success of British companies in winning business with ATP support, the ATP budget in Asia is under severepressure. This is why companies were advised of a hold on new offers of ATP support in Asia last November.I have now finalised the future allocation of aid resources following the Budget. The allocations for ATP in the next two years havebeen increased by 45 per cent. and 37 per cent. respectively, to £77.7 million in 1997-98 and £70.7 million in 1998-99. The1999-2000 allocation is £49 million.In Asia, these enhanced levels will allow ODA to meet contractual commitments; to support those projects on which offers ofassistance have been made; and to proceed, subject to satisfactory appraisal, with identified projects for which appraisals arenearly complete or are close to approval. Further ahead, we shall fulfill our obligations under the concessionary financearrangements signed with overseas Governments as aid programme resources allow. In practice, with the exception of the small numberof projects mentioned above where appraisal is well advanced, no further offers of ATP in Asia are likely to be made for some time.However, ATP remains a significant element in the ODA aid effort, and the position will be reviewed again during this year's publicexpenditure round.In Africa where demands are fewer, business can continue as usual within the resources allocated.Companies seeking further information on ATP in either Asia or Africa should consult the ODA or Department of Trade and Industry.
answer given date: 1997-03-03+00:00
answer has answering body: UIV7W27r
written answer has answering body: UIV7W27r