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Export and Investment Guarantees Act 1991
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- 1991 c. 67
- Part I
- Section 1
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1 Assistance in connection with exports of goods and services.E+W+S+N.I.
(1)The Secretary of State may make arrangements under this section with a view to facilitating, directly or indirectly, supplies by persons carrying on business in the United Kingdom of goods or services to persons carrying on business outside the United Kingdom.
(2)The Secretary of State may make arrangements under this section for the purpose of rendering economic assistance to countries outside the United Kingdom.
(3)The Secretary of State may make arrangements under this section with a view to facilitating—
(a)the performance of obligations created or arising, directly or indirectly, in connection with matters as to which he has exercised his powers under this section or section 2 of this Act, or
(b)the reduction or avoidance of losses arising in connection with any failure to perform such obligations.
(4)The arrangements that may be made under this section are arrangements for providing financial facilities or assistance for, or for the benefit of, persons carrying on business; and the facilities or assistance may be provided in any form, including guarantees, insurance, grants or loans.
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Commencement Information
I1S. 1 wholly in force at 23.10.1991 see s. 15(6) and S.I. 1991/2430, art. 2
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