§ Mr. Woofasked the Secretary of State for Trade (1) what has been the total annual export from the United Kingdom of capital for direct financial investment for manufacturing industry and for other purposes to each of the EEC countries in each year since 1972 to the latest convenient date;
(2) what has been the total annual inward direct financial investment into the United Kingdom for manufacturing industry and any other purposes from each of the EEC countries since 1972 to the latest convenient date.
§ Mr. MeacherThe information available relates to net direct investment by the United Kingdom, excluding oil, and net direct investment in the United Kingdom, excluding oil and insurance, and is set out in the table below. Certain figures in the table have been combined in order to avoid disclosure of confidential information.
963W
964W
NET DIRECT INVESTMENT* £ million 1972 1973 1974 Manufacturing industry All other industries Total Manufacturing industry All other industries Total Manufacturing industry All other industries Total By United Kingdom in the EEC† Belgium and Luxembourg … … 25.7 5.1 30.8 34.6 39.1 64.2 30.5 43.9 49.4 Denmark … … 3.8 5.5 9.3 9.5 24.9 France … … 28.0 33.7 61.7 47.0 71.7 118.8 25.4 48.6 74.0 Irish Republic … … 5.0 6.7 11.7 30.9 14.6 45.5 13.8 34.8 48.6 Italy … … 10.5 13.9 24.4 16.9 9.6 26.5 13.4 12.3 25.6 Netherlands … … 22.8 19.5 42.3 50.8 54.3 105.1 84.3 60.2 35.4 Western Germany … … 21.2 42.9 64.1 91.8 57.4 149.2 109.1 Total … … 116.9 127.5 244.4 272.2 246.7 518.8 167.3 199.8 367.1 By EEC in the United Kingdom‡ Belgium and Luxembourg … … 1.2 1.8 3.0 15.3 8.6 24.0 0.1 5.0 5.1 Denmark … … -0.1 3.4 3.3 1.5 1.5 3.0 -1.5 3.0 1.5 France … … 7.3 8.9 16.2 -3.5 30.2 26.7 9.4 13.6 23.0 Irish Republic … … 0.2 1.1 1.3 0.2 4.5 4.7 0.4 -7.3 -6.9 Italy … … 6.4 1.0 7.4 9.0 7.2 16.2 1.0 4.3 5.3 Netherlands … … 2.4 3.8 6.2 1.6 14.6 16.2 -5.7 16.0 10.3 Western Germany … … -0.7 5.2 4.5 3.1 13.1 16.2 23.1 8.8 31.9 Total … … 16.6 25.2 41.9 27.2 79.8 107.0 26.1 43.4 70.1 * Including re.invested earnings. The sums of constituent items do not necessarily equal the totals shown which have been rounded independently. † Excluding oil. ‡ Excluding oil and insurance.