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Commodities Prices (Common Fund)

Volume 929: debated on Thursday 7 April 1977

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asked the Minister of Over seas Development (1) if he will set out in the Official Report the arguments urged by the developing States for a common fund designed to stabilise commodity prices and the posture of the industrial States;(2) what was the attitude of the United Kingdom Government on the North-South dialogue involving a common fund which was deadlocked recently in Geneva; and what is the alignment of the major industrial States;(3) what details have been produced by the developing States of their scheme for a common fund; in particular, how it is intended to be financed; and how minimum prices are to be established.

I have been asked to reply.I will reply to the hon. Member as soon as possible.