HC Deb 07 December 1988 vol 143 cc167-8W
21. Mr. Ron Brown

To ask the Chancellor of the Duchy of Lancaster what he expects the impact of 1992 to be on the trade balance with other European Economic Community countries.

Mr. Alan Clark

The single European market will create opportunities for increased trade with the European Community as the barriers are removed. Realising the potential gains to the economy, including improved competitiveness against third countries, will depend on the flexibility of United Kingdom firms in responding to the new opportunities and challenges.

33. Mr. McAvoy

To ask the Chancellor of the Duchy of Lancaster what he expects the impact of 1992 to be on the trade balance with other European Economic Community countries.

Mr. Alan Clark

The single European market will create opportunities for increased trade with the European Community as the barriers are removed. Realising the potential gains to the economy, including improved competitiveness against third countries, will depend on the flexibility of United Kingdom firms in responding to the new opportunities and challenges.