§ 110. Sir C. Osborneasked the President of the Board of Trade if he will give full details of the further measures
158W required to ensure that enough of the expansion obtained from devaluation goes into exports; and why he gave this information in a Press release on his return from the Organisation for Economic Co-operation and Development meeting in Paris and before he made a statement in Parliament.
EXPORTS OF GOODS AND SERVICES AS A PERCENTAGE OF GROSS NATIONAL PRODUCT AT CURRENT MARKET PRICES Year Country 1962 1963 1964 1965 1966 United Kingdom … … … 19 19 18 18 18 United States … … … 5 5 5 5 5 Canada … … … 20 20 21 21 n.a. France … … … 14 14 14 14 15 German Federal Republic … … … 19 19 20 20 21 Italy … … … 15 15 16 17 18 Belgium … … … 34 34 36 36 36 Netherlands … … … 47 46 45 45 44 Sweden … … … 25 25 24 24 24 Japan … … … 10 10 10 11 12 n.a.=not available. Note: The figures include the import content of exports. Excluding this, the proportion for the United Kingdom was 15 per cent. in 1963. Sources: United Kingdom: returns made to the United Nations and O.E.C.D. Other countries: 1962-63, O.E.C.D. National Accounts Statistics 1956–65, Tables 1 and 11 for each country. 1964–66, U.N. Monthly Bulletin of Statistics, November, 1967, Table 62.
§ Mr. Crosland:I presume the hon. Member is referring to a Press release on the speech which I made to the Ministerial Meeting of the O.E.C.D. on 30th November. Nothing was said in this speech which I and other Ministers had not previously said in Parliament.