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: 25 Apr 2013 | Removal date: open ended
Still in force

Trade finance

 On 25 April 2013, the UK Export Finance agency announced it would guarantee an export contract worth up to 1 billion USD for exploration and production facilities of Petrobras, if British companies would win their relevant tenders. As specified in the UKEF Notice, "UK exporters will be identified when Petrobras nominates supplies to be sourced from UK for financing out of the line of credit. UK Export Finance will approve each export contract to be financed out of the line of credit".
The project includes inter alia the construction of subsea oil and gas pipelines, the installation of FPSO (floating, production, storage and offloading) vessels and the drilling of production and injection wells in currently operated production fields.
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. As access to such lines of credit can be advantageous and, in some cases, a pre-requisite for bidding for contracts such as these, then this measure discriminates against British rivals.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

432 Pumps, compressors, hydraulic & pneumatic power engines; parts
8413 Pumps for liquids, whether or not fitted with a measuring device; liquid elevators.
841311 Pumps for dispensing fuel or lubricants, of the type used in fillingstations or in garages
841319 Other
841320 Hand pumps, other than those of subheading 8413.11 or 8413.19
841330 Fuel, lubricating or cooling medium pumps for internal combustion piston engines
841340 Concrete pumps
841350 Other reciprocating positive displacement pumps
841360 Other rotary positive displacement pumps
841370 Other centrifugal pumps
841381 Pumps
841391 Of pumps
841392 Of liquid elevators
444 Machinery for mining, quarrying & construction; parts
8430 Other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; piledrivers and pileextractors; snowploughs and snow blowers.
843010 Piledrivers and pileextractors
843031 Selfpropelled
843039 Other
843041 Selfpropelled
843049 Other
843050 Other machinery, selfpropelled
843061 Tamping or compacting machinery
843069 Other

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