asked the Chancellor of the Exchequer if he will make a statement about the meeting of the European Community Finance Council in Luxembourg on 26 April.
I represented the United Kingdom at this Council. The main item discussed was preparation for the forthcoming OECD export credit consensus negotiations in Paris. A package of proposals for the Commission to put forward at these negotiations was provisionally agreed.
The Council agreed to the opening of a further 1,000 million ecu tranche under the new Community instrument. There was also discussion of indexation and investment, and of the text of a speech to be delivered by the President at the IMF interim committee meeting.