§ Mr. Tony BanksTo ask the Secretary of State for Trade and Industry what is the United Kingdom's current balance of trade in information technology.
§ Mr. RedwoodAccording to provisional figures published by the Central Statistical Office the United Kingdom had a crude trade deficit (i) in electronics and information technology manufactured goods (ii) of £3 billion for the year to June 1989.
Notes:
- (i) Exports (fob) less imports (cif).
- (ii) Principal products of activity headings 3301, 3302, 3441, 3442, 3443, 3444, 3453 and 3454 of the Standard Industrial Classification (revised 1980).