§ Mr. Wickenden
asked the Minister for Trade if he will make financial assistance available to those businesses whose finances have been adversely affected because fulfilment of sales orders from Argentina was prevented by the trade sanctions introduced during the Falklands crisis.
§ Mr Peter Rees
I naturally regret the adverse effects which Argentine and our own trade sanctions may have imposed on British companies. But it has not been the policy of successive Governments to pay compensation in such cases. Some companies may have claims on ECGD where their business was insured with that Department.
§ Sir David Price
asked the Minister for Trade if he is satisfied that all the member States of the European Economic Community were able to enforce the trade embargo on the Argentine to the same extent as Her Majesty's Government; and if he will make a statement.
§ Mr. Peter Rees
[pursuant to his reply, 19 July 1982, c. 5]: I have no reason to doubt the effectiveness of the trade embargo imposed by the other member States of the European Community.