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Brazil (Trade Agreement)

Volume 13: debated on Monday 16 November 1981

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asked the Secretary of State for Trade if he will make a statement about the recent trade agreement with Brazil, particularly the proposed purchase of container ships and containers.

Under the memorandum of understanding, ECGD-backed credits totalling £380 million are to be made available to Brazil provided firm contracts for export orders to that amount are signed by 30 April 1982. The orders for ships—four roll-on-roll-off and two container ships—will be worth about £120 million.