§ 93. Mr. John Hyndasked the President of the Board of Trade what increase in trade between the United Kingdom and the countries of Latin America has been achieved during the last two 12-month periods for which figures are available; and what steps are being taken towards securing an increase in this trade.
§ Mrs. Gwyneth DunwoodyDuring the 12 months from October, 1966 to September, 1967, exports and re-exports to Latin America increased by 14.2 per cent. from £155 million to £177 million, and imports increased by 5.6 per cent. from £285 million to £301 million. During the twelve months to September 1968, exports and re-exports increased by a further 14.7 per cent. to £203 million, and imports fell by 1.3 per cent. to £297 million.
All the normal export promotion facilities are available for Latin America and both the official services and the British National Export Council actively promote business there.
§ 94. Mr. Oakesasked the President of the Board of Trade whether any special 130W arrangements are being made to increase British exports to Chile.
§ Mrs. Gwyneth DunwoodyChile is one of the important targets in Latin America, and British exporters are being especially encouraged to seek orders there. A group of British merchant banks, with the support of E.C.G.D., has recently signed an agreement with the Chilean Development Corporation for a £4 million line of credit to be used for the purchase of capital goods and associated services from the United Kingdom.
§ 95. Mr. Oakesasked the President of the Board of Trade whether any special arrangements are being made to increase British exports to Brazil.
§ Mrs. Gwyneth DunwoodyBrazil is one of the important targets in Latin America and British exporters are being especially encouraged to seek orders there. My right hon. Friend will be opening a major British Industrial Exhibition in Sao Paulo next March. Very large loans and lines of credit have recently been made available by British banks with the support of E.C.G.D. for exports to Brazil.