HC Deb 21 July 1964 vol 699 cc266-7
Q2. Mr. Dempsey

asked the Prime Minister if the Commonwealth Prime Ministers' Conference discussed the problem of export credits between the Commonwealth countries.

The Prime Minister

The communiqué issued at the end of our Meeting was agreed by all the Prime Ministers, and it would not be right for me to add to what we have said about the topics that were discussed.

Mr. Dempsey

Is the Prime Minister aware that very recently a radio network in one of the Commonwealth countries announced that that country now regards itself as being within the American sphere of influence because of the trading terms it enjoys from American suppliers? Does not the Prime Minister regard this as a threat to the development of the Commonwealth, and should we not have some assurance that our trading terms will be much more attractive than those of America or any other competitor?

The Prime Minister

Following the Geneva meeting the other day, the question whether a multilateral export credit insurance scheme could be devised was referred to the International Bank. I think that probably we had better wait for the International Bank's findings before we pursue this much further.

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