HC Deb 31 January 1980 vol 977 cc767-8W
Mr. Robert Taylor

asked the Lord Privy Seal, pursuant to his written answer to the hon. Member for Watford (Mr. Garel-Jones), Official Report, 21 November 1979, c. 244–46, what are the terms of the new Lomé convention and the cost to the United Kingdom of its aid provisions.

Mr. Hurd

I refer my hon. Friend to the reply I gave to the hon. Member for Newham, South (Mr. Spearing) on 26 October.—[Vol. 972, c. 329–30.] The new convention includes, among many other matters, provision for the establishment of a fifth European development fund, under which aid will total4,542 million European units of account, or approximately £2,861 million. The United Kingdom will contribute 18 per cent. of the total, or approximately £515 million. The fund will provide substantial opportunities for British exporters to which we are drawing their attention.

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