asked the Lord Privy Seal, pursuant to his written answer to the hon. Member for Watford (Mr. Garel-Jones), Official Report, 21 November 1979, c. 244–46, what are the terms of the new Lomé convention and the cost to the United Kingdom of its aid provisions.
I refer my hon. Friend to the reply I gave to the hon. Member for Newham, South (Mr. Spearing) on 26 October.—[Vol. 972, c. 329–30.] The new convention includes, among many other matters, provision for the establishment of a fifth European development fund, under which aid will total4,542 million European units of account, or approximately £2,861 million. The United Kingdom will contribute 18 per cent. of the total, or approximately £515 million. The fund will provide substantial opportunities for British exporters to which we are drawing their attention.