asked the Secretary of State for Trade (1) what was the value of direct investment by British companies in countries other than the United Kingdom who are, or were, members of the European Economic Community, for 1971, 1972, 1973 and 1974, respectively; in which industrial sectors such investment took place for each year; and what was the value of the investment for each sector;(2) what was the value of direct investment by EEC countries in the United Kingdom for 1971, 1972, 1973 and 1974, respectively; what were the industrial sectors in which this investment took place, in each year; and what was the value of the investment in each sector.
The latest information available relates to the years 1971 to 1973 and is given in the tables below:
| EEC* NET DIRECT INVESTMENT† IN THE UNITED KINGDOM | ||||||
£million
| ||||||
1971
| 1972
| 1973
| ||||
| Food, drink and tobacco | … | … | … | 1·0 | 4·0 | 6·5 |
| Chemical and allied industries | … | … | … | 13·9 | 9·2 | 3·9 |
| Metal manufacture | … | … | … | -2·1 | 5·7 | 5·1 |
| Mechanical engineering and instrument engineering | … | … | … | -;5·6 | 0·9 | -1·5 |
| Electrical engineering | … | … | … | 15·4 | -1·4 | -2·6 |
| Motor vehicle manufacture | … | … | … | -6·2 | -1·1 | — |
| Textiles, leather, clothing and footwear | … | … | … | 3·5 | -1·4 | 3·4 |
| Paper, printing and publishing | … | … | … | 0·1 | 0·6 | 14·8 |
| Rubber | … | … | … | -1·5 | -0·7 | -0·8 |
| Other manufacture | … | … | … | 6·1 | 0·4 | -1·4 |
| Distribution | … | … | … | 2·1 | 4·7 | 22·5 |
| Other activities | … | … | … | 8·3 | 16·4 | 55·7 |
| Total | … | … | … | 35·1‡ | 37·3‡ | 105·5‡ |
| * The original six member States in 1971 and 1972; the other eight member States in 1973. | ||||||
| † Excluding oil and insurance. | ||||||
| ‡ Components do not necessarily add to totals because each figure has been rounded independently. | ||||||
| —Nil or less than £50,000. | ||||||