§ Mr. Ashleyasked the Secretary of State for Trade which countries, regulated by GATT and EEC, are now using forbidden incentives for exporters as emergency measures; and what they are.
§ Mr. Clinton DavisI am not aware that other member countries of the Com-
246Wmanufactures and a 7½ per cent, rise in export prices measured in sterling terms. There would, of course, also be repercussions on the volumes of imports and exports which would need to be taken into account in assessing the impact of depreciation on the balance of trade.