| Home > 1996 Presidential Documents > pd22ap96 Letter to Congressional Leaders Reporting Proposed Budget Rescissions...
pd22ap96 Letter to Congressional Leaders Reporting Proposed Budget Rescissions...
<DOC> [Weekly Compilation of Presidential Documents] [frwais.access.gpo.gov] [Page i-ii] Monday, April 22, 1996 Volume 32--Number 16 Pages 657-691 Contents [[Page i]] Weekly Compilation of Presidential Documents [[Page ii]] Addresses and Remarks See also Appointments and Nominations Japan 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 Russia 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, message--661 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-- 679 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-- 665 April 17 (No. 119) with Prime Minister Hashimoto of Japan in Tokyo--668 Meetings With Foreign Leaders Japan Emperor Akihito--680 Prime Minister Hashimoto--668, 680, 684 South Korea, President Kim--665 Proclamations 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. WEEKLY COMPILATION OF ------------------------------ PRESIDENTIAL DOCUMENTS Published every Monday by the Office of the Federal Register, National Archives and Records Administration, Washington, DC 20408, the Weekly Compilation of Presidential Documents contains statements, messages, and other Presidential materials released by the White House during the preceding week. The Weekly Compilation of Presidential Documents is published pursuant to the authority contained in the Federal Register Act (49 Stat. 500, as amended; 44 U.S.C. Ch. 15), under regulations prescribed by the Administrative Committee of the Federal Register, approved by the President (37 FR 23607; 1 CFR Part 10). Distribution is made only by the Superintendent of Documents, Government Printing Office, Washington, DC 20402. The Weekly Compilation of Presidential Documents will be furnished by mail to domestic subscribers for $80.00 per year ($137.00 for mailing first class) and to foreign subscribers for $93.75 per year, payable to the Superintendent of Documents, Government Printing Office, Washington, DC 20402. The charge for a single copy is $3.00 ($3.75 for foreign mailing). There are no restrictions on the republication of material appearing in the Weekly Compilation of Presidential Documents. [[Page 657]] <DOC> [Weekly Compilation of Presidential Documents] [frwais.access.gpo.gov] [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
Other Popular 1996 Presidential Documents Documents:
|GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.|
Supreme Court Decisions
104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents
1994 Presidential Documents