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Volume 886: debated on Thursday 20 February 1975

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asked the Secretary of State for Trade what action he is taking, in conjunction with the Japanese Government, designed to correct the present trade imbalance between the United Kingdom and Japan.

The deficit on visible trade is not quite balanced by a surplus on invisibles. The remedy for any imbalance is to increase our exports. We are, therefore, maintaining a vigorous trade drive. The Japanese Government have been helpful, and our exports have been rising faster than to most other markets.