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The Export Credits Guarantee Department (ECGD), branded as UK Export Finance (UKEF), is the export credit agency and a ministerial department of the Government of the United Kingdom. In 1920, UKEF had a maximum total exposure of just £26 million.
A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area. Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below.
DIT's purpose was to develop, coordinate and deliver a new trade policy for the United Kingdom, including preparing for and then negotiating free trade agreements and market access deals with non-EU countries. The final Secretary of State for International Trade, was Kemi Badenoch. [2]
Member states may ask each other if they are considering to finance a specific transaction with official export credit support. EU members may not subsidize intra-EU export credits. The application of the OECD arrangement in providing export credit is mandatory in EU countries under Art. 1 of Regulation (EU) No. 1233/2011. [4]
A bilateral free trade agreement is between two sides, where each side could be a country (or other customs territory), a trade bloc or an informal group of countries, and creates a free trade area.
Economic policy of the United States Economic policy of the George W. Bush administration; Economic policy of the Barack Obama administration; Education policy of the United States; Energy policy of the United States. Energy policy of the Barack Obama administration; Environmental policy of the United States; Fiscal policy of the United States ...
Excluded from the list above are the following noteworthy entities which either were not fully sovereign or did not claim to be independent: Antarctica, as a whole, had no government and no permanent population. Seven states claimed portions of Antarctica and five of these reciprocally recognised one another's claims. [10]
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).