HC Deb 13 March 1968 vol 760 c302W
93. Sir R. Russell

asked the President of the Board of Trade what is his estimate of the losses to Great Britain of generalised preferences in favour of developing countries and of phasing out reverse preferences.

Mr. Crosland

Until the details of any generalised scheme of preferences are much clearer, I cannot make any estimate of its effect on British trade, and I do not accept the hon. Member's presumption that we should lose from it.