[Federal Register Volume 66, Number 99 (Tuesday, May 22, 2001)]
[Presidential Documents]
[Pages 28353-28354]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-13115]



[[Page 28351]]

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Part V





The President





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Proclamation 7441--World Trade Week, 2001



Executive Order 13211--Actions Concerning Regulations That 
Significantly Affect Energy Supply, Distribution, or Use



Executive Order 13212--Actions To Expedite Energy-Related Projects
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  Federal Register / Vol. 66, No. 99 / Tuesday, May 22, 2001 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 28353]]

                Proclamation 7441 of May 18, 2001

                
World Trade Week, 2001

                By the President of the United States of America

                A Proclamation

                Trade has an extraordinary impact on our Nation's 
                economic strength and can be a powerful force for good 
                in the world. This year's World Trade Week, observed in 
                communities across the country, will showcase the value 
                of trade to all our citizens.

                Exports have accounted for almost one-quarter of the 
                United States economic growth during the past decade. 
                We continue to be the world's largest exporter of goods 
                and services. From life-saving medical devices to 
                information technology that allows people to be more 
                productive, American ingenuity is bringing some of the 
                best and most competitive and innovative products to 
                the world marketplace.

                Across America, our exports support 12 million jobs 
                that pay wages higher than the national average, and 
                high-tech jobs supported by exports pay even more. It 
                is no coincidence that the longest period of sustained 
                economic growth in U.S. history has followed efforts to 
                liberalize trade, such as the North American Free Trade 
                Agreement and the Uruguay Round Agreement that 
                established the World Trade Organization. Trade also 
                leads to more competitive businesses, more choices of 
                goods for consumers, and lower prices.

                Along with economic progress, open trade also helps 
                build democracies and spreads freedom as it reinforces 
                the spirit of liberty by spurring economic and legal 
                reforms. When we promote open trade, we promote both 
                economic and political freedom. Societies that open to 
                commerce will one day open to liberty.

                World Trade Week celebrates trade as an economic and 
                social engine for progress with a special focus on the 
                services sector--the largest sector in the private 
                economy, providing more than 85 million jobs. These 
                service sector jobs involve a wide range of industries, 
                including banking and insurance, travel, entertainment, 
                telecommunications, energy, and environ mental 
                services. We are proud that the United States is the 
                world's top producer and exporter of services, 
                exporting some $300 billion worth a year.

                In addition to the significance of exporting services, 
                export of goods continues to be vitally important to 
                our economic performance. More than 20 percent of our 
                domestic goods are exported, and for durable goods the 
                figure jumps to 36 percent. These exports support 
                millions of high-quality U.S. jobs and play a key role 
                in U.S. economic growth. However, our ability to 
                sustain or expand this growth will require tapping the 
                trade potential of the emerging economies in Asia and 
                Latin America, as well as bolstering our trade 
                agreements with developed economies such as Japan and 
                the European Union. Strengthening our trade agreements 
                with these countries, not only opens their economies to 
                U.S. goods and services, but also leads to higher rates 
                of foreign investment. This investment creates growth, 
                jobs, and the means to buy the products we export from 
                the United States.

                The United States will work for open trade at every 
                opportunity. The executive and legislative branches 
                need to work together to provide the means

[[Page 28354]]

                to cooperate on trade objectives. The renewal of U.S. 
                trade promotion authority will bolster a partnership 
                between the executive and legislative branches and will 
                enhance the ability of the United States to negotiate 
                new trade agreements. We will work for more open trade 
                globally through talks in the WTO. We will work to 
                create a free trade zone in the Western Hemisphere by 
                2005. Our commitment to open trade will be coupled with 
                a commitment to protect our environment and improve 
                labor standards.

                NOW, THEREFORE, I, GEORGE W. BUSH, President of the 
                United States of America, by virtue of the authority 
                vested in me by the Constitution and laws of the United 
                States, do hereby proclaim May 20 through May 26, 2001, 
                as World Trade Week. I encourage Americans to observe 
                this week with events, trade shows, and educational 
                programs that celebrate the benefits of trade to our 
                economy.

                IN WITNESS WHEREOF, I have hereunto set my hand this 
                eighteenth day of May, in the year of our Lord two 
                thousand one, and of the Independence of the United 
                States of America the two hundred and twenty-fifth.

                    (Presidential Sig.)B

[FR Doc. 01-13115
Filed 05-21-01; 10:19 am]
Billing code 3195-01-P