§ 12. Mr. Archer
asked the Minister of Overseas Development whether he will take steps to secure international agreement on the establishment of an international investment insurance scheme applicable to under-developed countries.
§ Mr. Archer
While I welcome that Answer, may I ask whether my hon. Friend would agree that there is some urgency in this matter? It may be the most immediate problem which is preventing investment in the under-developed countries at the moment.
§ Mr. Henry Clark
In view of the urgency of the need for such a scheme, would the Minister give consideration not to an international agreement, but to an international convention which could link a series of national insurance schemes together rather than waiting the very long time necessary to reach a world consensus?