§ Mr. Teddy Taylorasked the Secretary of State for Trade and Industry what percentage of Japanese investment in the European Economic Community came to the United Kingdom in the most recent period for which figures are available; and what were the comparable percentages for each of the previous 12 years.
110W
§ Mr. FletcherThe available information is as follows:
Japanese Direct Investment* into the European Economic Community United Kingdom as percentage of EC† 1972 68.4 1973 80.4 1974 79.1 1975 30.0 1976 14.3 1977 21.0 1978 16.8 1979 14.0 1980 42.4 1981 12.0 1982 13.4 * Direct investment covers only purchases net of disposals of share capital and long term loans by Japanese concerns in their overseas subsidiaries associates and branches. The figures exclude unremitted profits, short-term loans and trade credit. † EC—For 1972 includes the United Kingdom along with the six original members but excluding Ireland and Denmark. For 1973–1980 the United Kingdom and the eight other members are included. Greece is included from 1981 onwards. Source: Japan Balance of Payments Monthly.