HC Deb 23 July 1973 vol 860 cc269-70W
Mr. Leadbitter

asked the Secretary of State for Trade and Industry if he will make a statement on the terms of trade between the United Kingdom and the rest of the Common Market for the six months ended June 1973; and how this compares with the same period of 1972.

Sir G. Howe

The unit value index numbers for imports and exports, from which the terms of trade are calculated, are not compiled for individual countries or areas. However the main factor affecting the terms of trade this year has been increases in the prices of food and raw materials which, taken together, are less important in our imports from the EEC than from the rest of the world.