HC Deb 02 May 1957 vol 569 cc359-60
31. Mr. Langford-Holt

asked the President of the Board of Trade, in view of the fact that since 1952 the percentage of total trade with Commonwealth countries has fallen from 46.3 per cent. of United Kingdom trade to 44.9 per cent. of United Kingdom trade in 1956, what action he proposes to take in this connection.

The President of the Board of Trade (Sir David Eccles)

Our trade has increased considerably since 1952 with Commonwealth countries as well as with the rest of the world, and in these circumstances small changes in the pattern and proportions of the trade are to be expected.

Mr. Langford-Holt

Is the right hon. Gentleman aware that to a large number of people that will be a disappointing Answer. Can he not give some indication that Her Majesty's Government have some ideas in mind which will increase this percentage rather than allow it to drift and decline as at present?

Sir D. Eccles

We are always anxious to see more trade in all directions and particularly with the Commonwealth. My hon. Friend will notice that trade in manufactured goods has expanded faster than trade in primary products, and also that balance of payments difficulties caused certain Commonwealth countries to restrict their markets last year.

Mr. Shinwell

Is the right hon. Gentleman aware that because of persistent American economic penetration in the Commonwealth countries, the volume of United Kingdom Commonwealth trade is bound to diminish? Why does he take such a complacent view about Commonwealth trade relations? Is he aware that unless the Government do something about it, we must make them?

Sir D. Eccles

I do not take at all a complacent view. On the contrary, we are very glad to see that the Australians, for example, are now expanding their imports. The right hon. Gentleman has just been to Australia and perhaps he assisted in that. Unless the Australian Government issue import licences, it is not possible for this country to sell goods there.