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Iraq

Volume 177: debated on Wednesday 17 October 1990

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To ask the Secretary of State for Trade and Industry what was the value of (a) military, (b) other manufactured and (c) financial services exports to and imports from Iraq in each year since 1980.

Trade with Iraq in manufactured goods since 1980 is given in the table. The other information requested is not available.

United Kingdom trade with Iraq
Manufactured goods1 YearExports£ million Imports
19802855
198158216
198280914
198337512
198429025
198539738
198642027
198724030
198835337
198939633

Source: Overseas Trade Statistics of the United Kingdom.

1 Manufactured goods are defined as Sections 5 to 8 of the Standard International Trade Classification Revision 3.

To ask the Secretary of State for Trade and Industry what levels of credit guarantees by the Export Credits Guarantee Department have been made available to British-based companies for trade with Iraq for each year since 1979.

[holding answer 15 October 1990]: ECGD cover for exports to Iraq was available until earlier this year under both short-term and medium-term facilities. As a matter of general policy, ECGD's exposure on individual countries is not normally revealed publicly, but the amount of medium-term credit which was made available to Iraq sinces 1983 under a series of financial protocols is a matter of public knowledge, and was as follows:

YearAmount £ millionTo Finance
1983250capital goods and projects
25pharmaceuticals
1984250capital goods and projects
50pharmaceuticals
198650pharmaceuticals
1987100capital goods
75pharmaceuticals
1988265capital goods and projects
75pharmaceuticals
These protocols have not been fully taken up by the Iraqis, and the actual exposure is therefore less than the figures given above.