Setback for exporters as credit scheme pulled

The government has refused to introduce a state-backed export credit insurance scheme for struggling exporters, saying it would be ‘‘too expensive and of very limited impact’’.

21st November, 2009

The government has refused to introduce a state-backed export credit insurance scheme for struggling exporters, saying it would be ‘‘too expensive and of very limited impact’’.

The refusal is a blow for exporters, who claim that some form of state-supported trade credit insurance scheme is needed for the survival of many businesses. Insurance companies have significantly reduced trade insurance in the Irish market, and the Irish Exporters Association (IEA) has claimed...

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