Success Of The United Kingdom Machine Tool Industry

EDM number 1266 in 1993-94, proposed by Martin O'Neill on 19/05/1994.

That this House congratulates the United Kingdom machine tool industry on its achievement in recording a trade surplus in 1993 for the first time since 1983; notes that it has come about despite a sharp fall in demand in the European Union which has traditionally accounted for 55 per cent. of United Kingdom machine tool exports; welcomes the strong growth recorded in exports to non-EU countries which increased by 25 per cent. during the year; draws particular attention to a 295 per cent. increase in exports to China which is now the United Kingdom's third largest market; and looks forward to the further success of the machine tool industry in building on its technological skills and vigorous export drive to develop new and expanding markets.

This motion has been signed by a total of 48 MPs.