§ Mr. Douglasasked the Secretary of State for Trade and Industry if he will make a statement on the extent and nature of agreement made with Japanese industry relating to participation in industrial and commercial projects in the United Kingdom with particular regard to offshore oil operations.
§ Mr. ChatawayIn my recent visit to Japan I reached understandings with the Japanese Government about co-operation in a number of fields. The Japanese are interested in setting up industrial projects in the United Kingdom, either on their own or in joint ventures with British concerns. I have warmly welcomed this, because of the contribution it can make to our economy and to our trading position. As for individual projects, my Department will be in consultation with the companies concerned whether Japanese or British. It is too early yet to say whether the Japanese will participate in offshore supply operations.