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UK government to unveil export support schemes
07 February 2011
The UK government is set to unveil a package of new schemes this week that will support UK exporters through its export credit agency, the ECGD.
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The UK government is set to unveil a package of new schemes this week that will support UK exporters through its export credit agency, the ECGD.
Government officials have confirmed that the ECGD is set to expand its short-term credit insurance policies to cover more exporters as well as well as offer bonding supporting to help UK exporters win foreign contracts.
Trade Finance can reveal that the two schemes are among just some of the several government initiatives to support exports that will be unveiled this week as the government announces its trade white paper.
Trade Finance understands that the short-term credit insurance scheme will be initially launched as a pilot. ECGD, the government export credit agency that supports UK exports, has formed a working group with the British Insurance Brokers’ Association (BIBA) on the expansion of short-term credit insurance. ECGD already offers short-term credit insurance for non-OECD countries but...
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