House of Lords written question – answered on 11th February 2004.

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Photo of Lord Moynihan Lord Moynihan Conservative

asked Her Majesty's Government:

What state aid, including tax credits, subsidies and guarantees, is available to companies trading with Zimbabwe.

Photo of Lord Sainsbury of Turville 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)

UK Trade & Investment services, some of which are subsidised, are available to companies trading with Zimbabwe. The Export Credits Guarantee Department (ECGD) does not currently make cover of any sort available to Zimbabwe. Zimbabwe has a double taxation treaty with the UK. The Zimbabwean Government offer certain tax incentives to foreign investors.

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