The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Mullin
To ask the Secretary of State for Trade and Industry when export credits guarantee cover was restored to Vietnam.
Mr. Ridley
[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January 1990]: Export Credits Guarantee Department cover for business with Vietnam on medium and long-term credit was withdrawn in March 1982.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.