IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 Jul 2015 | Removal date: open ended
Still in force

Trade finance

 On 17 July 2015, the UK Export Finance agency announced in a press release that it had issued its first guarantee for a sukuk (Islamic loan).
The loan worth 913 million USD would finance the purchase of four A380 Airbus carriers by the Emirates airline. UKEF mentioned that about a third of the airplane's value was constructed in the UK.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
According to 2014 trade figures, the United Arab Emirates imported aircrafts worth more than 1 million USD from Canada, Germany and the United States. Given that Germany also benefited from the UKEF investment support (part of the A380 is constructed in Germany), only the two North American countries were listed as affected trading partners

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880211 Of an unladen weight not exceeding 2,000 kg
880212 Of an unladen weight exceeding 2,000 kg
880220 Aeroplanes and other aircraft, of an unladen weight not exceeding 2,000 kg
880230 Aeroplanes and other aircraft, of an unladen weight exceeding 2,000 kg but not exceeding 15,000 kg
880240 Aeroplanes and other aircraft, of an unladen weight exceeding 15,000 kg

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