§ Mr. Skeetasked the Secretary of State for Trade and Industry whether it is the policy of Her Majesty's Government generally to support the Commission in its efforts to limit the period of export credit guarantees to a maximum of five years; and what type of exceptions the Government are prepared to recommend.
§ Sir G. HoweThe Commission has recently put forward a proposal for limiting and controlling export credits to the State trading and industrial countries. The proposals are in line with our policy of trying to limit the extension of export credits where this can be done without detriment to our own trading position. The terms of the Commission's proposal will be studied by ourselves and our EEC colleagues in Brussels in the usual way.