ANNOUNCEMENT 11 Jul 2016

In July 2016, the British government announced .

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Jun 2016 | Removal date: open ended

Trade finance

On 11 July 2016, the UK Export Finance agency presented its 2015/16 Annual Report. The report included a list of all beneficiaries of trade finance for the given fiscal year.
One of these beneficiaries was Republic of Korea's Asiana Airlines, which was offered buyer credit worth 54.4 million GBP for a contract with Airbus SAS.
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 2016, was set as the inception date.

AFFECTED SECTORS