§ 29. Mr. Willey
asked the Secretary of State for Industry what progress has been made about ensuring international agreement about Government aid for shipbuilding.
§ Mr. Meacher
Following an agreement made in 1972 measures have been taken to reduce Government aid to shipbuilding in most OECD countries. A reduction in the level of Government-supported credit for exports of ships was agreed in July 1974. Discussions are continuing with the aim of reaching agreement on further reductions in aid.