§ Mr. Matthewsasked the President of the Board of Trade whether the United States of America have now agreed to give compensation for the increases in their bound tariffs on British exports of sheet glass and carpets.
§ Mr. ErrollYes. As compensation, the United States have agreed to make reductions of about one-fifth in their duties on products of which our exports to them in 1961 were worth $9¼ million. Our exports of glass and carpets in 1961 were worth $4.2 million, but the increase in duties was larger. The reductions will come into force in two stages, on 1st January, 1963, and 1964. My Department is making available today details of the reductions.