HC Deb 28 November 1972 vol 847 cc92-3W
80. Mr. Loveridge

asked the Secretary of State for Trade and Industry if he will make a statement on the negotiations upon Article 23 of the General Agreement on Tariffs and Trade, because the United States DISC law confers unfair competitive advantages to exporting companies, set up primarily to gain an unfair advantage.

Sir G. Howe

We held consultations with the United States authorities in September under GATT Article XXIII. We repeated our view that the DISCs are in conflict with the United States' international obligations. In the light of their reply we are now considering with our Community partners what further action should be taken.