United Kingdom/USSR Trade

Part of Oral Answers to Questions — Foreign and Commonwealth Affairs – in the House of Commons at 12:00 am on 19 December 1973.

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Photo of Sir Sydney Chapman Sir Sydney Chapman , Birmingham Handsworth 12:00, 19 December 1973

I am grateful to my right hon. Friend for that reply, but does not he agree that there has been an unnecessary imbalance of trade between the USSR and the United Kingdom for a number of years? As we currently sell less than £100 million worth of our goods and services to the USSR each year and it sells over £200 million worth of goods to us, is not it about time this gap was narrowed? In view of the balance of payments deficit, is it not right to say that we should import less from the USSR?