Skip to main content

Lomé Convention

Volume 977: debated on Thursday 31 January 1980

The text on this page has been created from Hansard archive content, it may contain typographical errors.

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.