§ Mr. Skeetasked the Secretary of State for Trade what is the nature of the agreement reached by the United Kingdom, France, the Federal Republic of Germany, Italy, the United States of America and Japan on the minimum range of floor rates, for export credits.
§ Mr. DeakinsAn agreement setting a minimum interest rate of 7.5 per cent. per annum for publicly supported export credits in excess of five years was reached in Washington in 1974. It took the form of an agreed minute signed by representatives of the United Kingdom, the German Federal Republic, France, Italy, and the United States of America, Japan and Canada subscribed to the agreement later. Negotiations to achieve greater control over international credit competition are continuing.
§ Mr. Skeetasked the Secretary of State for Trade whether export credit harmonisation under the aegis of the Commission is excluded by the multi-national 79W agreement on floor rates for export credits.
§ Mr. DeakinsNo.