Anglo-Hungarian Trade

HC Deb 19 June 1968 vol 766 cc142-3W

56. Mr. David Watkins

asked the President of the Board of Trade what exports of British plant and equipment to Hungary are currently under discussion by his Department.

Mr. Dell

A number of transactions, covering a wide range of capital investment goods, are currently under discussion between British firms and Hungarian trading organisations.

57. Mr. David Watkins

asked the President of the Board of Trade which Hungarian imports into the United Kingdom he estimates will expand by the end of 1971.

Mr. Dell

I hope that Anglo-Hungarian trade will continue to grow in both directions, but I cannot estimate what particular imports from Hungary will expand.

Mr. David Watkins

asked the President of the Board of Trade which exporting industries will benefit most from the recently signed five-year trade agreement between Hungary and the United Kingdom.

Mr. Dell

Hungary's main requirements are for capital investment goods and semi-manufactures, and these are likely to account for the majority of our sales during the current Trade Arrangement. There should, however, be increasing opportunities in other fields.