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Manufactured Goods

Volume 172: debated on Thursday 17 May 1990

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To ask the Chancellor of the Exchequer if he will make a statement on action he proposes to reduce the deficit in trade in manufactured goods.

The deficit in trade in manufactures will fall as domestic demand and capacity pressures ease and exports increase. There are clear signs that this is happening; in the first quarter of 1990 the volume of exports of manufactures—less erratics—was 9½ per cent. higher than in the same quarter a year earlier, while imports were only 1 per cent. higher.