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Export financing to double to support UK trade with Qatar

UK
Uncategorized
Trade Finance

(29 March 2017 – United Kingdom) Britain will double the amount of export finance available to support trade with Qatar to £4.5 billion (A$7.3 billion), trade minister Liam Fox has said.

“No trade between the UK and Qatar should fail for lack of finance and insurance, that is why the UK government … can give buyers and sponsors in Qatar attractive long-term finance to make sourcing from the UK more competitive,” Fox told a Qatar-UK business forum in London.

“We will be doubling finance available from UK export finance to support trade with Qatar to 4.5 billion pounds.”

At the same event, Qatari Prime Minister Sheikh Abdullah Bin Nasser al Thani said Britain had always been and would continue to be a preferred destination for Qatari investment.

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