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Trade Imbalances

Volume 31: debated on Tuesday 9 November 1982

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asked the Prime Minister whether she will outline the policy of Her Majesty's Government towards removing imbalances of trade between the United Kingdom and its trading partners; and what recent steps have been taken in that regard.

The Government believe that trade should be balanced on a multilateral rather than a bilateral basis. However, we are concerned about the strain being placed on the open trading system by those countries which do not allow fair access to their markets and are pressing for positive Community action to remedy this.