§ Mr. Tim SmithTo ask the Secretary of State for Trade and Industry if he will make a statement on the proposed GATT framework agreement on trade in services; when he expects the European Community to reach a common position on this matter; and whether the Commission is insisting on the inclusion of financial services in the agreement.
§ Mr. Redwood[holding answer 12 June 1990]: The Government attach a high priority to achieving, as part of the GATT Uruguay round, an agreement which will extend GATT rules and discipline to trade in services. The United Kingdom and the European Community are aiming for a comprehensive agreement, covering all service sectors, including financial services.