ANNOUNCEMENT 30 Nov 2011
In November 2011, the British government announced a change in financial export support.
NUMBER OF INTERVENTIONS
On 30 November 2011, the UK Export Finance agency announced in a press release that it would guarantee export contracts worth in total up to 1 billion USD for British companies in the Brazilian oil exploration and production sector.
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. This measure, in principle, advantages British exporters over rivals selling into the Brazilian oil sector.
According to a media report (cf. Sources), UKEF provides loans under the condition that at least 25% of the loan is targeted to support British jobs.