§ Mr. Sedgemoreasked the Secretary of State for Trade what was the surplus/ deficit on trade for the years 1970–74, inclusive, between the United Kingdom and the eight other EEC countries for (1) the motor industry and (2) the economy as a whole; and what were the comparable figures for the surplus/ deficit between Great Britain and West Germany.
§ Mr. DeakinsThe figures are as follows:
years 1970 to 1972 and in the December volumes of the monthly Overseas Trade Statistics for 1973 and 1974. The difference between those figures—the crude balance—is not a good measure of the balance of trade in goods because. inter alia, of differences in valuation.
§ Mr. Cartwrightasked the Secretary of State for Trade what recent representations he has received about the need to restrict Japanese motor vehicle imports into the United Kingdom; and what replies he has sent.
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§ Mr. DeakinsWe have received a number of representations about imports of motor vehicles from Japan, and my officials have discussed this trade in detail with the Society of Motor Manufacturers and Traders. The Government's attitude towards restrictions on imports of motor vehicles from Japan was set out in the Adjournment debate on 23rd January.
TRADE IN CARS* Number (thousand 1970 1971 1972 1973 1974 Exports to EEC … … 208 217 208 232 159 of which West Germany … … 15 12 8 13 10 Imports from EEC … … 136 236 332 346 248 of which West Germany … … 39 69 87 87 56 * Defined as SITC(R)732.1—Passenger motor cars, other than buses or special vehicles, whether or not assembled.
§ Mr. Sedgemoreasked the Secretary of State for Trade what were the direct investment figures for the period 1970 to 1974 from Great Britain into the EEC countries and from the EEC countries into Great Britain; and what were the comparable figures in relation to Great Britain and West Germany.
§ Mr. DeakinsThe information available relates to the years 1970 to 1973 and is given in Tables 17 and 27 of the Business Monitor M4, Overseas Transactions 1973, a copy of which is in the Library.