§ Mr. Blakerasked the Secretary of State for Trade why it is the policy of the Government that larger official subsidies should be available for the export of capital goods to the Soviet Union than to other countries.
§ Mr. John SmithIf our capital goods manufacturers are to compete effectively for export business in this market, it is esential that ECGD should be able to support finance at interest rates comparable to those offered by our major competitors overseas. The present arrangements under the Anglo Soviet Agreement are designed to meet such competition.