Global Trade Alert
Global Trade Alert

UK: Eximbank guarantees up to 700 million USD credit for Sadara Petrochemicals project

Announcement

25 Jun 2013

In June 2013, the British government announced a change in its trade finance instruments.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Jun 2013

Revocation date:

No revocation date

Last action: 25 Jun 2013
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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Last action: 25 Jun 2013
Trade finance In force
On 25 June 2013, the UK Export Finance agency announced it would guarantee an export credit worth up to 700 million USD for the Sadara Petrochemicals project. UKEF will guarantee all UK companies par...
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