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Volume 164: debated on Friday 12 January 1990

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To ask the Secretary of State for Trade and Industry when export credits guarantee cover was restored to Vietnam.

[holding answer 11 January 1990]: Export Credits Guarantee Department cover for business with Vietnam on medium and long-term credit was withdrawn in March 1982. Since December that year cover for short-term business has remained available subject to payment being made on terms of cash against documents out of an irrevocable letter of credit confirmed before shipment by a bank in the United Kingdom.While ECGD continues to monitor developments no early relaxation of these terms is envisaged.