[Federal Register Volume 59, Number 97 (Friday, May 20, 1994)]
[Presidential Documents]
[Pages 26407-26408]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12589]


[[Page Unknown]]

[Federal Register: May 20, 1994]


  


                        Presidential Documents 


Federal Register
Vol. 59, No. 97
Friday, May 20, 1994

____________________________________________________________________

Title 3--
The President
                Proclamation 6690 of May 18, 1994

 

World Trade Week, 1994

                By the President of the United States of America

                A Proclamation

                As we observe World Trade Week, 1994, we find our 
                Nation well-positioned to compete in the 1990s. Our 
                economy is the strongest in the industrialized world. 
                Our work force is second to none. Our system of higher 
                education is unequalled. And our people are more 
                optimistic--and have reason to be.

                Yet, success in world markets is not automatic--it 
                requires planning and effort.

                ``U.S. Exports Equal U.S. Jobs,'' the theme of World 
                Trade Week, illustrates why the United States must make 
                the push to increase the involvement of American 
                business in international markets. Exports have become 
                a critical engine of our Nation's economic progress. In 
                the past 5 years, exports of goods and services have 
                been responsible for more than 40 percent of U.S. 
                economic growth.

                Today one in every five manufacturing jobs is linked to 
                exports. Exports of goods and services support some 
                10.5 million jobs. And exports lead to better paying 
                jobs. American workers producing for export earn 17 
                percent more than the overall average wage.

                The intersection of domestic and international business 
                makes it more important than ever to emphasize all of 
                the factors that make America competitive. Sustainable 
                economic growth is possible only if we solve those 
                societal problems that keep our people from achieving 
                their best.

                The first order of business for this Administration was 
                to improve the economic climate at home, and this 
                continues to be my priority. We have made great strides 
                in bringing the Federal budget deficit under control. 
                Fiscal restraint has prompted a surge in business 
                investment. We are in the process of implementing a 
                policy that encourages private and public partnerships. 
                We have begun the difficult job of helping the defense 
                industry to convert to a more commercial business. And 
                we are devoting more attention to secondary education 
                and to training and retraining our work force.

                This Administration is working vigorously to secure a 
                health care plan for all Americans, and we have 
                proposed a reform of our welfare system. We have major 
                initiatives underway to fight crime and drug 
                trafficking.

                These steps toward healthy economic growth and a more 
                secure society represent the essential underpinning for 
                America to compete in the world economy.

                However, U.S. companies must have fair access to 
                international markets. We have placed a high priority 
                on reducing trade barriers abroad, and we are making 
                progress. The North American Free Trade Agreement 
                creates a vibrant, integrated market on our own 
                continent and opens up great possibilities for an even 
                larger free trade area in the future. The successful 
                conclusion of the Uruguay Round of GATT trade 
                negotiations after 7 years of hard bargaining now 
                should lead to a significant expansion of global trade.

                Partnership between the United States Government and 
                the private sector is necessary if we are to reach the 
                economic goals outlined early in my Administration. The 
                Federal Government is committed to being a constructive 
                partner by creating a favorable environment for the 
                U.S. private sector to conduct business at home and 
                abroad. However, the main responsibility for developing 
                overseas markets lies with the private sector. It is up 
                to business to take the risks, but the risks bring the 
                right to reap the rewards.

                Our workers will reap the rewards in the form of many 
                new jobs, because exports can be our number one method 
                of creating high-wage jobs.

                All this leads to only one conclusion: We must thrive 
                globally to secure a healthier economy, and it is in 
                the interest of business, workers, and the entire 
                population to do so. We must sell more in the global 
                marketplace--and we are continuing to do our best to 
                expand that marketplace for American goods. We must 
                also promote trade in a way that benefits workers and 
                encourages sustainable development.

                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 22, 1994, 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 
                eighteenth day of May, in the year of our Lord nineteen 
                hundred and ninety-four, and of the Independence of the 
                United States of America the two hundred and 
                eighteenth.

                    (Presidential Sig.)>

[FR Doc. 94-12589
Filed 5-18-94; 4:20 pm]
Billing code 3195-01-P