AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
In July 2017, the UK Export Finance agency (UKEF) published a list of beneficiaries of trade finance for the year 2016/2017.
One of these beneficiaries was Sadara Chemical Company, which was offered a buyer credit of a total value of GBP 31,148,155 (USD 40475718). The buyer credit finances the export of goods and/or services to Saudi Arabia for a petrochemical complex from Fluor Ltd.
Given that UKEF does not provide the exact date that the trade finance deal was signed, the most conservative inception date, i.e. the 30 June 2017, was set as the inception date.
The GTA includes various financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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