Japanese Exports

Part of Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 3 November 1949.

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Photo of Mr Harold Wilson Mr Harold Wilson , Ormskirk 12:00, 3 November 1949

There is no reason to think that there will be any appreciable increase in imports of cheap goods from Japan into the sterling area in the near future because it will be necessary for balance of payments reasons to restrict imports from Japan for at least the next year. Nevertheless, I recognise to the full the anxiety which certain of our industries naturally feel about the eventual re-emergence of low cost Japanese exports on a large scale. I shall watch this matter closely and I regard it as of considerable importance that in announcing the abolition of the system of minimum export prices last week, General MacArthur's Headquarters made it clear that "dumping" would be prevented.