§ Mr. Strangasked the Minister of Agriculture, Fisheries and Food if the positive monetary compensatory amount rate continues at its present level of 18.2 percent., what total sum will be paid into FEOGA funds for one year.
§ Mr. Buchanan-SmithBased on recent trading patterns it is estimated that a positive United Kingdom monetary compensatory amount of 18.2 per cent. applying for a full year would reduce FEOGA expenditure by roughly £190 million. The present United Kingdom MCA is 15.7 per cent. and a further reduction is expected next week.
§ Mr. Strangasked the Minister of Agriculture, Fisheries and Food what is the most recent figure available of the amount paid into FEOGA by the United Kingdom as a result of the operation of positive monetary compensatory amounts.
§ Mr. Buchanan-SmithThe estimated value of monetary compensatory amounts charged on United Kingdom imports, from their introduction in April 1980 193W up to and including January 1981, from other Community countries totalled about £54.6 million, and MCAs paid on our intra-Community exports over the same period totalled about £23.2 million. Separate information on the value of MCAs in third country trade is not available.