AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 19 July 2017, the UK Export Finance agency (UKEF) published the list of beneficiaries of trade finance transactions for the year 2016/2017.
One of these transactions was an export insurance to finance the export of goods and/or services for printing to Venezuela. The beneficiary and UK based exporter was not disclosed by UKEF. The export insurance has a total value of GBP 34,493,143 (USD 44,822,389).
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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