Written question asked by Andrew Dismore (Labour) on Tuesday, 2 July 2002, in the House of Commons. It was due for an answer on Thursday, 11 July 2002. It was answered by Patricia Hewitt (Labour) on Thursday, 11 July 2002 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, in relation to pre-revolutionary debt owed by Iran to the UK Export Credits Guarentee Department, (a) what the total sum owed was, (b) how much has been paid back by Iran and (c) how much has been written off as a consequence of the accord signed with Iran this year broken down by (i) sector and (ii) public sector; and if she will make a statement.

Answer: Mr. Dismore: To ask the Secretary of State for Trade and Industry in relation to pre-revolutionary debt owed by Iran to the UK Export Credits Guarantee Department, (a) what the total sum owed was, (b) how much has been paid back by Iran and (c) how much has been written off as a consequence of the accord signed with Iran this year broken down by (i) sector and (ii) public sector; and if she will make a statement. [67309] Ms Hewitt: We are not able to disclose precise details of debt settlements such as this one. To do so could prejudice ongoing negotiations ECGD is currently having or intends to have in the future with similarly indebted countries.

Secondary information

Type: Written question
Reference: 67309; 388 c1090-1W;388 c1091W
Session: 2001-02
Subjects: Debts Export credit guarantees UK Export Finance Overseas trade Iran
Link: View this Written question on www.publications.parliament.uk