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Dept of Trade and Industry

Answer

Mr. Arbuthnot: To ask the Secretary of State for Trade and Industry (1) what new forecasts she is conducting on the monetary impact of her revised anti- bribery guidelines on the volume of business supported by the Export Credits Guarantee Department; and when the results of those new forecasts will be made available; [193447] (2) what forecasts (a) her Department and (b) the Treasury conducted which estimated the monetary impact of the anti-bribery guidelines which came into force on 1 May 2004 on the volume of business supported by the Export Credits Guarantee Department; and what the results of those forecasts were. [193446] Mr. Alexander: No forecasts were made into the possible impact of ECGD's anti-bribery and corruption procedures on its future business volumes. These procedures were designed to further the Government's efforts to combat bribery and corruption without placing any undue burden on customers seeking ECGD's support. The current discussions with customers and their trade organisations are aimed at resolving issues surrounding the details and practical application of aspects of the existing anti-bribery and corruption procedures announced on 4 March 2004. The revised procedures emerging from this process will require customers applying for ECGD cover to provide information from sources, which should be readily available to them. They should thus have no material adverse impact on ECGD's future business volumes.

Secondary information

Type

Written question

Reference

426 c1921W;426 c1926-7W; 193447;193446

Session

2003-04

Subjects

Crime prevention Corruption Export credit guarantees UK Export Finance Forecasts

Link

View this Written question on www.publications.parliament.uk