§ Sir Anthony Meyer
asked the Secretary of State for Trade what proportion of direct inward industrial investment in the member States of the European Community from (a) North America, (b) Japan and (c) Scandinavia has come to the United Kingdom in each year since 1973.
§ Mr. Parkinson
The information available relates to net direct investment* in the United Kingdom by selected countries as a proportion of the net direct investment of those countries in all member States of the European Community, including the United Kingdom and is given in the table below.
Per cent. Year USA Canada Japan Sweden 1973 26.6 77.7 †80.4 ‡ 1974 31.4 44.8 †79.1 ‡ 1975 40.8 27.4 30.0 ‡ 1976 27.8 39.7 14.3 12.6 1977 48.2 ||125.0 21.0 32.2 1978 39.4 9.5 16.8 22.9 1979 39.6 ‡ ¶14.0 20.5 * Direct investment statistics include (a) for Canada, Japan and Sweden, the net purchase of shares and long-term loans in overseas affiliates. (b) for USA, all US investment in overseas affiliates in the form of the net purchase of shares and long-term loans, unremitted profits of overseas affiliates, plus short-term loans and net credit advanced to the affiliates. † Excludes Denmark and the Irish Republic. ‡ Not applicable. || Canadian net direct investment in EC and UK negative in 1977. ¶ Japanese net direct investment in EC and UK negative in 1977.
Because of differences in definition the US and Canadian figures cannot be combined.
USA: The Department of Commerce: Survey of Current Business.
CANADA: The Canadian Balance of International Payments.
JAPAN: Japan Balance of Payments Monthly.
SWEDEN: Sveriges Riksbank's Statistical Year Book.