Asked by: Viscount Waverley (Crossbench - Excepted Hereditary)
Question to the Department for Business and Trade:
To ask His Majesty's Government, further to the Written Answer by Baroness Penn on 30 January (HL4895), with which government agency in Ukraine they are dealing to grant export guarantees.
Answered by Lord Johnson of Lainston - Minister of State (Department for Business and Trade)
As the UK’s export credit agency, UK Export Finance (UKEF) can help connect UK suppliers with overseas buyers, helping exporters to win contracts, fulfil orders and receive payment.
Following a Ministerial Direction in March 2022, UKEF retained its market limit of £3.5 billion for Ukraine in the national interest. Any support remains subject to projects meeting UKEF’s robust due diligence processes, including the UK's latest international commitments and sanctions. It is not UKEF’s policy to comment further on potential transactions for security and commercial reasons.
Asked by: Viscount Waverley (Crossbench - Excepted Hereditary)
Question to the Department for Business and Trade:
To ask His Majesty's Government what assessment they have made of the possibility of goods imported into the UK being repackaged and sold into the EU as goods of UK origin.
Answered by Lord Johnson of Lainston - Minister of State (Department for Business and Trade)
The UK-EU Trade and Cooperation Agreement includes Article 43: Insufficient Production under Chapter 2: Rules of Origin. This article ensures that simple packaging operations shall not alone confer UK origin to non-originating goods imported to the UK and then sold into the EU. This rule, alongside other rules with respect to the packaging of goods can be found in the treaty text: https://www.gov.uk/government/publications/ukeu-and-eaec-trade-and-cooperation-agreement-ts-no82021.