Part of the debate – in the House of Commons at 3:30 pm on 23rd November 1992.

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Photo of Mr Michael Heseltine Mr Michael Heseltine President of the Board of Trade 3:30 pm, 23rd November 1992

My hon. Friend raises a most important point. The answer to his question is yes, there will be every opportunity for third-world countries. Although in the negotiations leading to a successful GATT round every country is bound to argue for its national self-interest, in the end all countries have to consider the agreement in the round to judge whether they gain more than they lose. Some industries or some sectors of industries in individual countries may not think of themselves as natural winners, but the overall national interest and the overall trading interests of the world gain. It will not be possible for those countries that are adversely affected in some small way to use that as an excuse for denying the third world the opportunities that are built into a successful GATT round.