§ 54. Mr. Deakinsasked the Secretary of State for Foreign and Commonwealth Affairs what assessment he has made as to how the benefits to United Kingdom industry from multilateral aid compares with those from bilateral aid.
§ Mr. RaisonBoth bilateral and multilateral aid bring substantial benefits to British industry. Bilateral aid, except l'or certain local cost aid, is tied to procurement in Britain. In addition, the aid and trade provision helps win major contracts for Britain. Over the years 1982 to 1984, the average value of contracts placed by multilateral agencies with Britain was £435 million annually, against our cash contribution of £372 million.