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Anglo-Georgian Trade

Volume 623: debated on Friday 16 March 2001

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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]

The level of UK Trade has grown since 1996 as set out in the table below.

Georgia19961997199819992000
UK imports (£m)0.5791.2573.2223.6714.22
UK exports (£m)3.78412.1020.99114.6812.20
Total trade (£m)4.36313.35724.11318.3526.42
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.