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Foreign and Commonwealth Office

Answer

Mr. Patrick Thompson: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on aid and trade provision. [18277] Dr. Liam Fox: Given the success of British companies in winning business with ATP support, the ATP budget in Asia is under severe pressure. This is why companies were advised of a hold on new offers of ATP support in Asia last November. I have now finalised the future allocation of aid resources following the Budget. The allocations for ATP in the next two years have been increased by 45 per cent. and 37 per cent. respectively, to £77.7 million in 1997-98 and £70.7 million in 1998-99. The 1999-2000 allocation is £49 million. In Asia, these enhanced levels will allow ODA to meet contractual commitments; to support those projects on which offers of assistance have been made; and to proceed, subject to satisfactory appraisal, with identified projects for which appraisals are nearly complete or are close to approval. Further ahead, we shall fulfill our obligations under the concessionary finance arrangements signed with overseas Governments as aid programme resources allow. In practice, with the exception of the small number of projects mentioned above where appraisal is well advanced, no further offers of ATP in Asia are likely to be made for some time. However, ATP remains a significant element in the ODA aid effort, and the position will be reviewed again during this year's public expenditure round. In Africa where demands are fewer, business can continue as usual within the resources allocated. Companies seeking further information on ATP in either Asia or Africa should consult the ODA or Department of Trade and Industry.

Secondary information

Type

Written question

Reference

18277; 291 c467-8W

Session

1996-97

Subjects

Development aid Africa Finance Overseas trade Asia Aid financed trade

Contains statistics

Yes