§ Mr. SpellarTo ask the President of the Board of Trade if he will make a statement on the proposal from the Monopolies and Mergers Commission concerning voluntary restraints on imports of Japanese-built cars.
§ Mr. SainsburyThe existing voluntary restraint on imports of Japanese cars agreed between the Society of Motor Manufacturers and Traders and its Japanese counterpart will be discontinued at the end of this year in accordance with the agreement between the EC and Japan concluded last year, known as "The Elements of Consensus". It is open to the Government to decide whether the United Kingdom should be a restricted market from 1 January 1993 for the purposes of the implementation of this agreement. I expect to take a decision on this matter before the end of this year.