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Defence Sales

Volume 300: debated on Wednesday 5 November 1997

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To ask the President of the Board of Trade what percentage of export credits has been used to support defence sales since 1994. [13790]

From data readily available, the information requested is as follows:

Financial yearValue of ECGD cover provided for defence business as a percentage of total cover
1994–9521.4
1995–9622.9
1996–9716.3
These figures include all ECGD covered business with defence buyers, including sales of non-lethal equipment.

To ask the President of the Board of Trade what is the monetary value of export credit sales used to support defence sales since 1994. [13791]

From data readily available, the information requested is as follows:

Financial yearValue of ECGD cover provided for defence business £ million
1994–95725
1995–961,013
1996–97384
These figures include all ECGD covered business with defence buyers, including sales of non-lethal equipment.