Sudan: Overseas Investment

Foreign and Commonwealth Affairs written question – answered on 30th April 2008.

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Photo of Edward Davey Edward Davey Shadow Secretary of State (Foreign Affairs), Liberal Democrat Spokesperson (Foreign Affairs)

To ask the Secretary of State for Foreign and Commonwealth Affairs what advice his Department provides for firms and financial institutions seeking guidance on the risks of investing in Sudan; and if he will make a statement.

Photo of Gareth Thomas Gareth Thomas Parliamentary Under-Secretary(Department for International Development) (Trade Policy) (also Business, Enterprise and Regulatory Reform), Parliamentary Under-Secretary (Department for Business, Enterprise and Regulatory Reform) (Trade and Consumer Affairs) (also Department for International Development), Party Chair, Co-operative Party

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UK Trade and Investment provides UK companies with information and guidance on doing business and investing in Sudan via the website at www.uktradeinvest.gov.uk. The UKTI team in the British embassy in Khartoum is able to provide advice and specific guidance on request.

There is currently an EU arms embargo on Sudan. Otherwise normal export control regulations apply to UK companies. The USA has imposed sanctions on Sudan, including a trade embargo, and UK companies need to be aware of this if exported goods or parts of goods are of US origin. Exemptions to US sanctions were made last year for specified regions of Sudan. The UN has imposed sanctions on a small number of Sudanese individuals (travel bans and freezing of assets).

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