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:
“To choose a hardship for ourselves is our only defence against that hardship. This is what is meant by accepting suffering.... Those who, by their very nature, can suffer completely, utterly, have an advantage. That is how we can disarm the power of suffering, make it our own creation, our own choice; submit to it. A justification for suicide.”
—Cesare Pavese (1908–1950)