Global Trade Alert
Global Trade Alert

UK: Trade finance for General Electric

Announcement

24 Sep 2015

In September 2015, the British government announced a change in its trade finance instruments.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

24 Sep 2015

Revocation date:

No revocation date

Trade finance In force

On 24 September 2015, the British government announced a memorandum of understanding with the US corporation General Electric (GE). The MoU included a pledge by the UK Export Finance agency to provid...

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Local value added incentive In force

According to a media report (cf. Sources), UKEF provides loans under the condition that at least 25% of the loan is targeted to support British jobs.

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