Saudi Arabia: Arms Sales

Lord Carrington Excerpts

Friday 10th July 2020 Lords Chamber

[Lord Grimstone of Boscobel]

As I have said previously, the assessments draw on a number of sources, some of which are necessarily confidential and sensitive. However, I have heard the question clearly and I will write to my noble friend with the information she is seeking.

[Lord Carrington (CB) [V]]

My Lords, I declare my interests in Saudi Arabia as set out in the register. Saudi Arabia is an important ally as well as an important market for UK exporters. However, as far as our exporters are concerned, the real issue at present is not new business but payment. The Saudi Government’s decreased oil income and rising Covid expense is evidenced by seriously late payment. What advice is being given to UK exporters on this market? Will the Minister also comment on Saudi arms import priorities in the current circumstances?

[Lord Grimstone of Boscobel]

The noble Lord raises a matter I am personally very familiar with, having myself experienced as a businessman the Saudis’ propensity not to pay on time. I fear that the only quick advice I can give him, slightly lightheartedly, is persistence with them. I normally find that persistence pays off. More seriously, our embassy in Riyadh is always willing to help British exporters in this situation and to make representations to the appropriate Saudi authorities.