Anglo-Georgian Trade

Lord Biffen
asked Her Majesty's Government:What has been the trend in Anglo-Georgian trade since 1996; what are the prospects for improvement; and whether Export Credit Guarantee cover will be made available for this business. [HL1104]

Lord Sainsbury of Turville
The level of UK Trade has grown since 1996 as set out in the table below. ------------------
|Georgia         |
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|UK imports (£m) |
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|UK exports (£m) |
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|Total trade (£m)|
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Georgia remains a relatively small market for UK goods. The outlook for trade with Georgia will depend on the economic situation and continued reform in the country. If the Baku-Tblisi-Ceyhan oil pipeline from Azerbaijan were to proceed, this would be likely to increase the level of UK goods and services to Georgia.ECGD medium/long term cover is not currently available for Georgia. ECGD continues to monitor developments in the economy.