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Iran: Export Credit Guarantees

Volume 463: debated on Monday 16 July 2007

To ask the Secretary of State for Business, Enterprise and Regulatory Reform pursuant to the answer of 26 June 2007, Official Report, column 621W, on Iran: export credit guarantees, whether his Department has received information from other European countries to the effect that they have limited the provision of export credit guarantees to Iran; and if he will make a statement. (148973)

ECGD receives information about the cover policies operated by other Export Credit Agencies (EGAs) in various international and bilateral fora but this is made known on a confidential basis. However, some EGAs post their current cover policies on individual countries on their public websites. Each EGA is responsible for taking its own decisions on cover policy for individual countries, taking account of its own risk assessments and any international arrangements and/or agreements that exist which may inform what the policy should be.