§ 39. Mr. Kenneth Clarkeasked the Secretary of State for Foreign and Commonwealth Affairs what percentage of official aid to developing countries was tied to purchases of British goods and services in 1971; and what was the corresponding figure in each of the previous five years.
§ Mr. WoodThe 1971 figure is not yet available, but the figure for 1970, on the basis explained in our memorandum to the Development Assistance Committee, was 64 per cent. The figures for previous years are as follows:
1969 54 per cent. 1968 58 per cent. 1967 60 per cent. 1966 57 per cent.
§ Mr. Kenneth Clarkeasked the Secretary of State for Foreign and Commonwealth Affairs what special incentives are given by the Government to British private investment in the developing countries; and what measures he proposes to introduce to increase these incentives.
§ Mr. WoodThe measures which are at present in force or are being prepared are set out in Cmnd. 4656, published in April, 1971.
The Overseas Investment and Export Guarantees Bill, at present before Parliament, is designed to give the Government authority to proceed with the Investment Insurance and Pre-Investment Studies Schemes described in the Command Paper.