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European Free Trade Association And European Economic Community

Volume 655: debated on Thursday 8 March 1962

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29.

asked the President of the Board of Trade how the current economic expansion of the member countries of the European Free Trade Association compares with that of the member countries of the European Economic Community.

The growth of national production has varied from country to country, but on average it has been greater in recent years in the European Economic Community than in the countries of the European Free Trade Association. My hon. Friend can obtain further details of the economic expansion of the various European countries from the National Accounts published by the O.E.E.C. in its Bulletins of General Statistics for July and September, 1961.

Will the President of the Board of Trade confirm that one should not, nevertheless, draw too many deductions from these comparisons since there are all sorts of reasons which may explain the difference in the rate of expansion between the two groups?

For once I can be grateful to the right hon. Gentleman for having given me the supplementary answer which I would have made myself had I been asked the question.