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:
“Sow seed—but let no tyrant reap;
Find wealth—let no imposter heap;
Weave robes—let not the idle wear;
Forge arms—in your defence to bear.”
—Percy Bysshe Shelley (1792–1822)