ANNOUNCEMENT 30 Sep 2015

In September 2015, the British government announced a change in the required local inputs to serve domestic customers and a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Sep 2015 | Removal date: open ended

Trade finance

 On 30 September 2015, according to media reports, UK Export Finance provided a loan worth 23.6 million GBP to fund a Turkish power station built by German corporation Siemens. The loan was given under the Direct Lending Facility (cf. Related Measures), as the turbines business is owned by the British company Rolls-Royce.
According to media reports, UKEF provides loans only in cases where at least 25% of the loan is targeted at protecting or creating UK jobs.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 30 Sep 2015 | Removal date: open ended

Local sourcing

 On 30 September 2015, according to media reports, UK Export Finance provided a loan worth 23.6 million GBP to fund a Turkish power station built by German corporation Siemens. The loan was given under the Direct Lending Facility (cf. Related Measures), as the turbines business is owned by the British company Rolls-Royce.
According to media reports, UKEF provides loans only in cases where at least 25% of the loan is targeted at protecting or creating UK jobs.