UK Export Finance: China

Department for Business and Trade written question – answered at on 17 October 2023.

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Photo of Iain Duncan Smith Iain Duncan Smith Conservative, Chingford and Woodford Green

To ask the Secretary of State for Business and Trade, whether UK Export Finance is considering applications for trade (a) finance and (b) insurance for projects delivered by Chinese companies operating in Africa.

Photo of Iain Duncan Smith Iain Duncan Smith Conservative, Chingford and Woodford Green

To ask the Secretary of State for Business and Trade, what the value of funding was provided by UK Export Finance to Chinese companies operating in Africa in (a) 2020, (b) 2021 and (c) 2022.

Photo of Iain Duncan Smith Iain Duncan Smith Conservative, Chingford and Woodford Green

To ask the Secretary of State for Business and Trade, what her Department's policy is on UK Export Finance's provision of funding to projects delivered by Chinese companies operating in Africa; and if she will make a statement.

Photo of Nigel Huddleston Nigel Huddleston Minister of State (Department for Business and Trade)

UK Export Finance (UKEF) helps UK exporters access finance and insurance on commercial terms to support them to win business overseas, fulfil orders and get paid. UKEF follows the UK government’s policy towards China set out in the Integrated Review Refresh 2023 and elsewhere.

UKEF's deals in all countries go through an extensive due diligence process to take account of relevant UK Government policies, applicable sanctions and other relevant bars as well as meeting high international environmental, social and human rights standards.

UKEF is unable to comment on pending applications for the department’s support for reasons of commercial sensitivity. Details of business supported by UKEF can be found in its Annual Report and Accounts for the relevant year which are available online here.

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