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From @lex-luthor.ai.mit.edu:jcma@REAGAN.AI.MIT.EDU Fri May 21 00:32:40 1993
Date: Thu, 20 May 1993 22:17-0400
From: The White House <75300.3115@compuserve.com>
To: Clinton-News-Distribution@campaign92.org
Subject: President Clinton Proclaims World Trade Week
President Clinton Proclaims World Trade Week
To: National Desk
Contact: White House Office of the Press Secretary, 202456-2100
WASHINGTON, May 20 /U.S. Newswire/ -- The following proclamation
has been issued by President Clinton:
Each year, World Trade Week allows us to highlight the
importance of international trade, which links the United States with
other nations in partnership for economic prosperity. It is also a time
to recognize the importance of our efforts to stimulate domestic
economic growth through the sale of American products and services
abroad.
For Americans, trade has buttressed our Nation's standing as the
world's largest and most productive economy. Exports support millions
of American jobs and account for nearly one-sixth of the employment in
the U.S. manufacturing and agricultural sectors. In fact, each
$1 billion of American merchandise exports supports nearly 19,000
domestic jobs. As a result, companies have been formed, factories
built, and new industries created. And these export-related jobs are
good ones, paying on average 17 percent more than the overall average
wage.
Indeed, it is our ability to modernize and expand our industrial
production that serves as the foundation for export growth, allowing us
to develop and produce quality products while identifying marketing
opportunities at home and abroad. Our ingenuity and our determination
to be the best make America's products and services among the world's
most competitive.
For U.S. products and services to succeed in an increasingly
competitive global marketplace, however, we must be equally competitive
at home and abroad. Recently, this Administration announced a broad new
economic strategy to enhance government/industry cooperation in creating
new technologies. Through commercialization, these technologies will be
made available to smaller companies. Small and
medium-size businesses create half the new jobs in this country and two-
fifths of our Gross National Product, and many of these
firms will seek to increase exports of their products. The high-
technology sector, which employed about 10 million people and accounted
for more than $100 billion worth of U.S. exports in 1992, is crucial to
advancing the industrial competitiveness of the United States and
assuring us of an edge in world markets.
Creating a climate for American exports requires not only a
strong domestic economy, but also free and fair access for U.S. products
to markets abroad. This Administration, therefore, is building a trade
agenda that will allow U.S. exports to compete on a level playing field
with our trading partners.
A top trade-related priority is the North American Free Trade
Agreement (NAFTA), which will link the United States, Canada, and Mexico
into a single market of 360 million consumers currently spending
$6 trillion annually. Mexico, once economically isolated from the
United States, has emerged as our Nation's third largest trading
partner. With supplemental agreements to address environmental and
labor issues, NAFTA will be a positive force for creating American jobs.
In addition to our focus on the NAFTA negotiations, this
Administration is determined to complete the General Agreement on
Tariffs and Trade (GATT) Uruguay Round agreement. GATT is an agreement
binding more than 100 nations to a mutual interest in strengthening the
global environment for trade. As part of these negotiations, this
Administration is seeking provisions that ensure free and fair trade for
American industry, as well as effective bilateral dispute settlement
mechanisms. A successful Uruguay Round would lower tariff and nontariff
barriers to manufactured products and other commodities, thereby
increasing cumulative world output by more than $5 trillion and
cumulative U.S. output by more than $1 trillion over the next 10 years.
While advancing our Nation's interests through the GATT
negotiations, the United States and other countries must
provide financial assistance to ensure key political and economic
reforms in Russia and the former Soviet republics. By carefully
targeting this assistance, our Nation will not only encourage progress
toward global stability, arms control, and nonproliferation, but also
help create an environment in which trade with that region can flourish.
Creating a secure and prosperous global environment for trade
also hinges on continued U.S. efforts to benefit from the great
opportunities that are available in the high-growth East Asian and Latin
American markets, two of the fastest growing regions for American
exports.
Although thousands of U.S. companies continue to boost their
profit margins through exports, thousands of other American firms have
yet to market their goods abroad. In fact, just 15 percent of American
companies account for 85 percent of our Nation's exports. With U.S.
merchandise exports totaling more than $448 billion in 1992, "World
Trade Week" reminds us of the merits of international commerce and the
vast export opportunities yet to be explored by American business.
NOW, THEREFORE, I, WILLIAM J. CLINTON, President of the
United States of America, by virtue of the authority vested in me by the
Constitution and the laws of the United States, do hereby proclaim the
week beginning May 16, 1993, as World Trade Week. I invite the people
of the United States to join in appropriate observances to reaffirm the
potential of international trade for creating prosperity for all.
IN WITNESS WHEREOF, I have hereunto set my hand this
nineteenth day of May, in the year of our Lord nineteen hundred and
ninety-three, and of the Independence of the United States of America
the two hundred and seventeenth.
WILLIAM J. CLINTON
-0-
/U.S. Newswire 202-347-2770/