General Agreement on Tariffs and Trade (Hansard, 25 January 1994)

HC Deb 25 January 1994 vol 236 c149W 149W

§ Mr. Jim Cunningham
To ask the Chancellor of the Exchequer what effect he expects GATT to have on the rate of inflation.

§ Mr. Nelson
GATT will lead to an increase in world trade and benefit both business and consumers. More effective competition and lower tariffs should lead to some downward pressure on prices.