§ Mr. Turner
To ask the Chancellor of the Exchequer if he will make it his policy at the European Council of Finance Ministers to press for a reduction in the difference in excise duties between British sherry and Spanish sherry.
§ Sir John Cope
At the Council meeting on 19 October the United Kingdom and Spain reached an agreement on the duties to be charged on British and Spanish sherry. The agreement provides for duty differential between the two products, to be reduced to 25 per cent. by 1 January 1996, the name "British Sherry" being discontinued by the same date.