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Agriculture (Green Pound)

Volume 115: debated on Wednesday 6 May 1987

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asked the Secretary of State for Northern Ireland what representations he has received on the implications for agriculture in Northern Ireland of the current rate of the green pound; and if he will make a statement.

Representations have been received from Northern Ireland Members of Parliament and from representatives of the agriculture industry that a significant devaluation of the green pound is required to improve market support and reduce monetary compensatory amounts on trade between the United Kingdom and the Republic of Ireland. It has been made clear to the European Commission that the United Kingdom will want to improve on the reduction of four percentage points proposed by the Commission.