HC Deb 01 November 1989 vol 159 c258W
54. Mr. Ian Taylor

To ask the Secretary of State for Trade and Industry what progress is being made among European Community partners in agreeing a takeover and mergers regulation.

Mr. Redwood

Significant progress was made in discussions on the draft EC merger control regulation at the most recent Council of Internal Market Ministers on 10 October. However, a number of important issues remain to be resolved, including the turnover thresholds, the criteria for assessing mergers and the review mechanism for the EC system. These and other issues will be the subject of further discussions at the next Internal Market Council on 23 November.