Announcement
05 Dec 2012
In December 2012, 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
05 Dec 2012
Revocation date:
06 Mar 2014
Announced: 05 Dec 2012
Local content incentive
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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Announced: 05 Dec 2012
Trade finance
On 5 December 2012, George Osborne, the Chancellor of Exchequer, announced that a Ł1.5bn direct lending facility is to be established. UK Export Finance (UKEF) Department will be able to lend this mo...
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Related State Acts
Announced: 30 Apr 2014
UK: Introduction of the Export Refinancing Facility
Announced: 19 Mar 2014
UK: State aid and export subsidies increased in 2014 budget
Announced: 13 Nov 2013
UK: signs MoU with Alfa Bank to promote British exports in Russia
Announced: 09 Feb 2011
UK: Introduction of numerous trade finance schemes
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