§ Sir Anthony Meyer
asked the Secretary of State for Trade what proportion of world trade is accounted for by member States of the European Community both including and excluding intra-Community trade; and what proportion of world trade is accounted for by the United States of America, the Soviet Union, Comecon, the European Free Trade Area and Japan.
§ Mr. Parkinson
Shares of world trade are normally measured in terms of export values. On this basis, the available information is as follows:
Shares of World Trade 1979 Exports from Share Per cent European Community* Total trade 35 Intra trade 19 Extra trade 16 United Stales 11 Soviet Union 4 Comecon† 8½ EFTA 6 Japan 6½
* Including Greece.
† Data for Mongolia, Vietnam and Cuba are not available. The figures given relate to the COMECON countries in Europe i.e. Bulgaria, Czechoslovakia, German Democratic Republic, Hungary, Poland, Romania and Soviet Union.
United Nations Monthly Bulletin of Statistics, February 1981 and July 1980;
OECD Trade Series 'A'.