§ Mr. Teddy Taylorasked the Minister for Trade pursuant to his replies of 4 March, Official Report, c. 253, by what amount he considers the price of video tape 71W recorders will increase in consequence of the decision of the Foreign Affairs Council of the European Community to ratify the Commission's agreement with the Japanese authorities on the setting of an export floor price.
§ Mr. Sproat[pursuant to the reply, 11 March 1983, c. 513]: No reliable estimate can yet be made of the effect on selling prices of video tape recorders in the Community as a consequence of raising export floor prices in Japan. This will depend on a number of factors, including the extent of import substitution through manufacture of video tape recorders in the Community, which this measure is designed to encourage.