Defence Exports
While in the early years of the decade the proportion of ECGD’s business in support of defence exports ranged from 30% to 50%, this has now declined to under 1% in 2009-10.
ECGD support for defence exports is conditional upon exporters obtaining valid export licences from the Department of Trade and Industry-based Export Control Organisation. All applications are assessed, on a case-by-case basis, against the consolidated EU and National Arms Export Licensing criteria.
Read more about this topic: UK Export Finance
Famous quotes containing the word defence:
“He that rebels against reason is a real rebel, but he that in defence of reason rebels against tyranny has a better title to “Defender of the Faith,” than George the Third.”
—Thomas Paine (1737–1809)