§ Mr. Kershawasked the President of the Board of Trade whether he is satisfied that the Free Trade Agreement with Eire will not result in unfair competition from traders enjoying special tax concessions in Eire such as apply to the Shannon Trading Estate; what steps he is taking in this matter; and whether he will make a statement.
§ Mr. JayBecause of the differing economic development in the two countries, we have agreed that the Government of the Republic of Ireland may apply in respect of exports to the United Kingdom the reliefs from Income Tax and Corporation Profits Tax in operation on 14th December, 1965, for the duration of the relevant legislation. But we are free to take action under the Customs Duties (Dumping and Subsidies) Act 1957, if necessary.