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pd22ap96 Letter to Congressional Leaders Reporting Proposed Budget Rescissions...

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[Weekly Compilation of Presidential Documents]

[Page i-ii]
Monday, April 22, 1996
Volume 32--Number 16
Pages 657-691

[[Page i]]

Weekly Compilation of



[[Page ii]]

Addresses and Remarks

    See also Appointments and Nominations
        Diet in Tokyo--681
        Dinner hosted by Emperor Akihito in Tokyo--680
        Luncheon hosted by Prime Minister Hashimoto in Tokyo--684
        U.S.S. Independence in Yokosuka--674
    Japan-U.S. trade--657
    Radio address--663
        Arrival in St. Petersburg--685
        Kazan Cathedral in St. Petersburg--687
        Wreath-laying ceremony in St. Petersburg--686

Appointments and Nominations

    Office of Management and Budget, Director, remarks--657
    Secretary of Commerce, remarks--657

Bill Vetoes

    Foreign Relations Authorization Act, Fiscal Years 1996 and 1997, 

Communications to Congress

    See also Bill Vetoes
    Alaska's mineral resources, message transmitting report--680
    Budget rescissions, message transmitting--662
    National Endowment for the Humanities, message transmitting report--

Communications to Federal Agencies

    Former Yugoslavia, memorandum on assistance to refugees--685

Executive Orders

    Educational Technology: Ensuring Opportunity for All Children in the 
        Next Century--677

Interviews With the News Media

    Exchanges with reporters
        Anchorage, Alaska--664
        Cheju, South Korea--665
        St. Petersburg, Russia--687
    News conferences
        April 16 (No. 118) with President Kim of South Korea in Cheju--
        April 17 (No. 119) with Prime Minister Hashimoto of Japan in 

Meetings With Foreign Leaders

        Emperor Akihito--680
        Prime Minister Hashimoto--668, 680, 684
    South Korea, President Kim--665


    National Organ and Tissue Donor Awareness Week--687
    National Volunteer Week--676

Supplementary Materials

    Acts approved by the President--691
    Checklist of White House press releases--690
    Digest of other White House announcements--688
    Nominations submitted to the Senate--689

Editor's Note: The President was in Moscow, Russia, on April 19, the 
closing date of this issue. Releases and announcements issued by the 
Office of the Press Secretary but not received in time for inclusion in 
this issue will be printed next week.


Published every Monday by the Office of the Federal Register, National 
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Compilation of Presidential Documents contains statements, messages, and
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[[Page 657]]

[Weekly Compilation of Presidential Documents]

[Page 657-661]
Monday, April 22, 1996
Volume 32--Number 16
Pages 657-691
Week Ending Friday, April 19, 1996
Remarks on Trade With Japan and the Recess Appointment of the Secretary 
of Commerce and the Nomination of the OMB Director

April 12, 1996

    Thank you very much. Mr. Vice President, Ambassador Kantor, Senator 
Levin and Congressman Levin, all the distinguished leaders from the auto 
industry and Mr. J.C. Phillips from the UAW, and to Jim Hill, all the 
people here from the agencies that are part of our Nation's economic 
team that really worked so hard to achieve these results. I welcome all 
of you here.
    I want to thank you for what you said, Jim. I am a car guy. I was 6 
years old the first time I crawled underneath a 1952 Buick in my 
father's tiny dealership in Hope, Arkansas, population 6,000, and I 
never quite got over it. And one of the things that I promised myself I 
would do if I ever got a chance to have an impact on it was to give the 
American automobile industry the chance to be rewarded for its 
willingness to compete. And that is what we have worked hard to do in 
this administration.
    I just saw something--Mickey Kantor and I walked outside, along with 
the Vice President, Mr. Panetta, and I saw something I never thought I 
would live to see. And just 4 years ago, if you had told me that I would 
see it, I'm not sure I would have believed it--right-hand drive American 
models made by American workers in American plants bound for Japan; a 
Ford Taurus, a GM-built Cavalier, a Chrysler Neon built for the Japanese 
market where consumers are now freely buying tens of thousands more 
American cars than ever before. These new exports, as others have said, 
are the results of efforts by our car makers and our economic team. We 
have worked to expand our trade on fair terms not only with Japan but 
with others throughout the world. These exports show what we can do when 
we truly work together and when others work with us in a spirit of 
cooperation and mutual benefit.
    The boost in sales is tremendous news for American workers, for our 
auto and auto parts manufacturers, for our strong relationship with 
Japan. I also want to say it is good news for the people of Japan. When 
I first went to Japan in 1993, I said to the Japanese people what I will 
have the opportunity to reiterate in just a couple of days: We have no 
more important bilateral relationship. We are bound together in our 
support for democracy and freedom and for the security of freedom-loving 
peoples in Asia and now elsewhere as Japan has shouldered bigger and 
bigger burdens to help us all pursue the goals that we share. We also 
know that if we have a free and open trading relationship with them, it 
will help their economy, it will give their consumers more choices, and 
it will help both nations to be more competitive as we hurtle our way 
forward into the 21st century.
    Just 3 years ago our ties were strained by a trading relationship 
not beneficial to our Nation. The trade wasn't working, but the ties 
weren't working either. Today our relationship is working better for 
both of us. There's a lot to be done. In a big and complex relationship 
like ours there will always be a lot to be done. But we are 
strengthening and deepening our relationship. It is now a powerful force 
for creating opportunity, for advancing democracy, and for improving the 
quality of life in both our countries.
    I also want to say that, as Ambassador Kantor said earlier, I 
believe that the right kind of trade is critical for our Nation's 
future. I believe the position of the United States must always be that 
we favor open trade. We are not afraid to compete. We believe we can 
win. But if we're going to live in a world where we want others to raise 
their standard of living to our level, and we no longer control anything 
like the percentage of the gross national product we did at the

[[Page 658]]

end of World War II, then, fine, we'll compete, and we'll help others to 
advance. But we expect the same access to foreign markets that we give 
foreign producers to ours. It is a simple rule and one we have followed. 
It is a critical part of our economic strategy.
    When I became President job growth was slow, the deficit was 
exploding, more than twice as high as it is now. We did two things. We 
put in place an economic strategy, lowered the deficit, cut it in half 
in 4 years, get interest rates down, increase investments in education 
and training, in research and technology, reform and shrink and make 
more effective the National Government, and expand trade on terms both 
free and fair. That strategy has been implemented by a national economic 
team, the first time we ever had a fully functioning National Economic 
Council to parallel our National Security Council, to integrate, plan, 
and implement the economic strategies of this country and to work in 
full partnership with the private sector.
    We now have 8\1/2\ million more jobs than we had just 3 years ago. 
And I might say, of the G-7 countries, that's more than 8 million more 
than the other six nations combined. We have the lowest combined rates 
of unemployment and inflation in 27 years. And trade has been critical 
to that; as Ambassador Kantor said, 200 separate agreements--20 with 
Japan alone, now 21. Our exports are at an all-time high, our auto 
producers now leading the world.
    Even more important, we have a framework agreement in our 
relationship with Japan which establishes a comprehensive system for 
dealing with problems that inevitably arise between two great nations. 
As a result, our exports there are up over 30 percent; in the areas 
covered by the agreements, up 85 percent. Today, exports to Japan 
support more than 800,000 good-paying American jobs, including 150,000 
new ones since 1992. Most of these are good, high-wage jobs because jobs 
tied to exports on average pay 15 percent above the national average 
wage. We are, therefore, in expanding our trade to an all-time high--a 
full third in the last 3 years--slowly helping to change the wage 
picture that has bedeviled so many American workers who think that 
they'll work harder and harder and never get a raise.
    In 1992, 6 percent of our new jobs were in high-wage industries. In 
1995, almost 60 percent of our new jobs were in high-wage industries. 
This strategy will work. It is not a miracle; it will not work 
overnight. It plainly depends for its success primarily on the 
willingness of American workers and American business leaders to work 
together, to be competitive, to be productive. But it will work. This 
report shows the difference this approach will make.
    Last year we reached a landmark agreement that increased our access 
to the Japanese market for autos and for auto parts. One of the many 
legacies of our friend Secretary Ron Brown was the establishment with 
Ambassador Kantor of a team to monitor and enforce the agreement. This 
report shows that since the agreement was signed, sales of American-made 
autos have increased by more than a third. Sales of American-made cars, 
trucks, and vans rose more than 225 percent between 1992 and 1995, 
including over 58,000 Big Three cars exported from the U.S. just last 
year. In the first 2 months of this year, our people sold one-third more 
autos to Japan than in the same period last year. So the movement is all 
in the right direction.
    In auto parts, exports over the last 3 years up 60 percent, to $1.6 
billion last year. Now, to give you one example of the evidence that 
this agreement and its faithful implementation and your work has made, 
Tenneco Automotive of Houston spent 25 years attempting to break into 
the Japanese market. Now their Monroe shock absorbers will be sold in 
almost 7,500 Japanese shops.
    These developments are part of the rebirth of our auto industry, an 
industry that lost 49,000 jobs in the 4 years before I took office and 
has gained about 80,000 in the 3 years since. Because of the partnership 
between labor and management, for the first time in 15 years, last year 
the United States auto industry again was number one in the world. So 
again, let me thank the representatives of the Big Three, the many auto 
parts producers, and all the workers who have worked so hard to make our 
belief in this economic strategy a reality.
    The Big Three will be introducing 17 new right-hand models for the 
Japanese market

[[Page 659]]

in the next 2 years. To those of us who have any memory of this, it 
seems almost inconceivable. But you always believed you could compete 
with anybody, anywhere, as long as you had a level playing field. I 
still believe that. I know we're right. And I know all Americans will be 
very proud of these results.
    Let me just say one other thing about the trade issue. I'm happy 
about the debate in America on trade today, but I sometimes think it 

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