§ Mr. Teddy Taylorasked the Secretary of State for Trade if he will publish a table showing the deficit or surplus in trade with the EEC and the rest of the world, respectively, in manufactured goods, excluding oil and precious stones, in 1980; and if he will publish a table showing the relative deficits or surpluses in each year since 1970.
§ Mr. ParkinsonThe available information is as82W follows:
United Kingdom crude trade balance in manufactures* less precious stones† with the European Community‡ and rest of the world European Community £ million Rest of the world £ million 1970 +385 +1,832 1971 +293 +2,453 1972 +10 +2,101 1973 -381 +1,773 ≑1974 -713 +2,398 1975 -603 +4,136 1976 -650 +4,675 1977 -807 +5,894 1978 -1,866 +5,474 1979 -2,843 +4,166 1980 -1,884 +5,556 Notes: * SITC sections 5 to 8 (oil is classified to section 3 and not included under manufactures). † Taken as SITC 66 (non-metallic mineral manufactures nes) as full details of trade in precious stones with the European Community are not available. In value terms precious stones now account for about 70 per cent. of the United Kingdom's trade with the Community (excluding Greece) under SITC 66. ‡ Including Greece. ≑ Figures up to 1974 are on a Rev. 1 basis and subsequently on Rev. 2. The resulting discontinuity is, however, very small. Source: Overseas Trade Statistics.
§ Mr. Teddy Taylorasked the Secretary of State for Trade what were the main reasons for substantial deficit in trade in manufactures with the EEC in the years 1977 to 1979 by comparison with the substantial surplus in such trade with the rest of the world.
§ Mr. ParkinsonI shall reply to my hon. Friend as soon as possible.