§ Mr. Arthur Lewisasked the Secretary of State for Trade and Industry what is the latest annual rate of imports from and exports to Israel; how these figures compare with a year earlier; and for the longest stated period of time, what has been the annual balance of trade between the two countries.
§ Mr. Anthony GrantImports and exports in January to November, 1971, at an annual rate were £53 million and £114 million respectively compared with £45 million and £96 million in 1970. Figures for the trade balance are not available for individual countries. Figures of imports c.i.f. and exports f.o.b. are published, but the difference between them is not a good measure of the visible trade balance because,inter alia, of the difference in the bases of valuation.