Trade Balances (EEC and EFTA) (Hansard, 5 February 1974)

HC Deb 05 February 1974 vol 868 c298W 298W

§ Mr. Dell
asked the Secretary of State for Trade and Industry whether he will provide, on a balance of payments basis, the total visible trade deficit in 1973 first with the other eight members of the EEC and secondly with all those countries with which the United Kingdom was a member of EFTA up to the end of 1972.

§ Sir G. Howe
Following is the available information for 1973:

£ million

EEC EFTA as in 1972

Trade deficit on balance of payments basis 1,120 n.a.^*

"Crude" trade deficit† 1,168 776

^* The deficit on a balance of payments basis with countries which were members of EFTA in 1972 is not being compiled for 1973

† The "Crude" trade deficit represents the difference between imports cif and exports fob as reported in the Overseas Trade Statistics of the United Kingdom

£ million
	EEC	EFTA as in 1972
Trade deficit on balance of payments basis	1,120	n.a.^*
"Crude" trade deficit†	1,168	776
^* The deficit on a balance of payments basis with countries which were members of EFTA in 1972 is not being compiled for 1973
† The "Crude" trade deficit represents the difference between imports cif and exports fob as reported in the Overseas Trade Statistics of the United Kingdom