[Congressional Record Volume 140, Number 17 (Thursday, February 24, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: February 24, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
 SENATE CONCURRENT RESOLUTION 61--RELATIVE TO THE TRADE IMBALANCE WITH 
                                 JAPAN

  Mr. WOFFORD (for himself, Mr. Levin, Mrs. Feinstein, Mr. Lautenberg, 
Mr. Kohl, Mr. Riegle, and Mr. Sarbanes) submitted the following 
concurrent resolution; which was referred to the Committee on Finance:

                            S. Con. Res. 61

       Whereas the United States and Japan have a long, deep, and 
     rich relationship;
       Whereas the security alliance between the United States and 
     Japan is stronger than ever and essential to the Asian 
     Pacific and the rest of the world;
       Whereas the United States and Japan have also embraced a 
     common agenda for cooperation on global issues such as 
     population, transportation technology, and the environment;
       Whereas in order to strengthen the relationship, the United 
     States and Japan must have a mutually beneficial economic 
     partnership, which will result in more jobs and economic 
     opportunities for Americans;
       Whereas even though the United States and Japan have 
     negotiated over 30 trade agreements since 1980, Japan still 
     remains less open to imports than any other G-7 nation and 
     its regulations and practices screen out many United States 
     products, even our most competitive products;
       Whereas over the last 10 years our trade deficit with Japan 
     has increased by 200 percent, resulting in a current trade 
     deficit of $59,000,000,000;
       Whereas last year the United States and Japan agreed to 
     seek market opening arrangements containing objective 
     criteria that would result in tangible progress; and
       Whereas in recent negotiations Japanese representatives 
     refused to agree to such market opening arrangements: Now, 
     therefore, be it
       Resolved by the Senate (the House of Representatives 
     concurring), That the Congress supports the efforts of the 
     President of the United States to open Japanese markets and 
     to obtain measurable increases in Japan's import either 
     through continued negotiation or enforcement of United States 
     law.

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