HC Deb 05 June 1972 vol 838 c7W
40. Mr. Pavitt

asked the Secretary of State for Trade and Industry why Great Britain abstained from voting on the committee resolution on insurance, which was passed without other dissent by 71 countries, at the United Nations Conference on Trade and Development at Santiago.

Mr. Noble

Because this resolution conflicted with the principles which we believe should, in the interests of all parties concerned, govern what is essentially an international industry.