§ 35. Mr. Jayasked the President of the Board of Trade to what extent the United Kingdom would benefit from tariff reductions made by the United States of America, as part of an agreement with the European Economic Community for reciprocal reductions, as a result of the application of the relevant most-favoured-nation clauses.
§ Mr. ErrollReductions in the United States Tariff to be made as a result of the agreement with the European Economic Community which was announced last week will apply also to imports from the United Kingdom and will affect goods of which our exports to the U.S.A. in 1959 amounted to over £100 million.
§ Mr. JayIs it perfectly clear, since there has been some doubt about it, that these American reductions in tariffs on European goods will be extended to British goods? Does this also apply to reductions in tariffs which the European countries are to make vis-à-vis United States?
§ Mr. ErrollThe answer to the first part of the Question is "Yes", although the full details are not yet available. I should like to look at the second part rather more carefully before answering.