By Robin Chan

EXPORTERS have received a shot in the arm from the Government with a new scheme designed to protect them against rising customer defaults and new initiatives to promote sales overseas.

Under the new Export Coverage Scheme (ECS), the Government will subsidise half the cost of insurance premiums for firms trading overseas and will also share risk with the insurance companies for the amount beyond their maximum coverage.

The scheme, which starts on March 1, will help some 1,000 Singapore-based exporters and insure up to $4 billion worth of trade revenue.

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