HC Deb 03 November 1975 vol 899 c61W
31. Mr. Hoyle

asked the Secretary of State for Trade if he is satisfied with the level of the allocation of £6 million to Iran, guaranteed by ECGD, for the spinning plant to be erected at Rasht in Northern Iran.

Mr. Deakins

Yes. The British supplier in this case was facing very keen international competition, and I am satisfied that the ECGD cover agreed for this business was necessary to secure this valuable export order. The British textile machinery industry does, of course, depend heavily on exports.