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, the UK Export Finance agency provided a loan worth 100 million GBP in order to enable British company Kier Construction to develop houses and infrastructure in the Bluewaters Island development in the United Arab Emirates. The loan was part of the Direct Lending Facility announced in the 2014 budget (cf. Related Measures).
According to media reports, UKEF provides loans only if at least 25% of the loan is targeted at protecting or creating UK jobs.
The list of affected trading partners is based on the bilateral import flows into UAE classified under the HS code 98 in 2012, as based on the data provided by UAE National Bureau of Statistics (cf. Sources).
 

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A
Inception date: 30 Sep 2015 | Removal date: open ended

Local sourcing

 On 30 September 2015, according to media reports, the UK Export Finance agency provided a loan worth 100 million GBP in order to enable British company Kier Construction to develop houses and infrastructure in the Bluewaters Island development in the United Arab Emirates. The loan was part of the Direct Lending Facility announced in the 2014 budget (cf. Related Measures).
According to media reports, UKEF provides loans only if at least 25% of the loan is targeted at protecting or creating UK jobs.
The list of affected trading partners is based on the bilateral import flows into UAE classified under the HS code 98 in 2012, as based on the data provided by UAE National Bureau of Statistics (cf. Sources).
 

 
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