House of Lords written question – answered at on 16 March 2001.
Lord Biffen
Conservative
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.
Lord Sainsbury of Turville
Parliamentary Under-Secretary (Science and Innovation), Department of Trade and Industry, Parliamentary Under-Secretary (Department of Trade and Industry) (Science and Innovation)
The level of UK Trade has grown since 1996 as set out in the table below.
| Georgia | 1996 | 1997 | 1998 | 1999 | 2000 |
| UK imports (£m) | 0.579 | 1.257 | 3.222 | 3.67 | 14.22 |
| UK exports (£m) | 3.784 | 12.10 | 20.991 | 14.68 | 12.20 |
| Total trade (£m) | 4.363 | 13.357 | 24.113 | 18.35 | 26.42 |
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.
Yes1 person thinks so
No0 people think not
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