Arms Trade: Qatar

Department for International Trade written question – answered on 31st October 2018.

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Photo of Barry Gardiner Barry Gardiner Shadow Minister (Department for Business, Energy and Industrial Strategy) (Energy and Climate Change), Shadow Secretary of State for International Trade

To ask the Secretary of State for International Trade, what assessment he made of the ability of the Government of Qatar to obtain alternative funding for the import of (a) Typhoon and Hawk aircraft and (b) associated goods and services before providing UK Export Finance support.

Photo of Graham Stuart Graham Stuart Assistant Whip, Parliamentary Under-Secretary (Department for International Trade)

UK Export Finance’s (UKEF) mission is to ensure no viable UK export fails for lack of finance or insurance from the private sector, while operating at no net cost to the taxpayer.

It is normal for buyers to look to pay for very large capital expenditures over time in order to spread their costs over a manageable period. UKEF’s support was critical to ensuring the success of the Typhoon contract with the Government of Qatar.

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