HC Deb 22 July 1977 vol 935 cc745-6W
Mr. Peter Morrison

asked The Secretary Of State For Trade What Is The Total Value To Date Of Contracts Signed Under The 1975 Anglo-Soviet Credit Agreement; And Whether He Is Satisfied With The Amount Of Contracts Concluded To The Present Date.

Mr. Meacher

The Total Value Of Con-tracts Placed Under This Agreement Is £363 Million. While I Would Like To See Contracts Concluded For Even Larger Amounts, I Do Not Consider The Value Of Orders Placed Under This Agreement To Be Unsatisfactory At This Stage Of Its Operation.

Mr. Peter Morrison

asked the Secretary of State for Trade (1) whether he will discuss with the Government of the Union of Soviet Socialist Republics their undercutting of freight rates; and what concessions he proposes to seek;

(2) when he will next meet the Russian Minister for Shipping.

Mr. Clinton Davis

I refer the hon. Member to the answer which I gave to the hon. Member for Shoreham (Mr. Luce) and my hon. Friend the Member for South Shields (Mr. Blenkinsop) on 27th June 1977—[Vol. 934, c. 25–26]—I hope to have further discussions with the Soviet Minister of Merchant Marine in the USSR in October.

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