    [Public Papers of the Presidents of the United States: William J. Clinton (1993, Book II)]
    [September 24, 1993]
    [Pages 1594-1595]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Lifting Economic Sanctions Against South Africa
    September 24, 1993

        I welcome the call today by ANC President Nelson Mandela for the
    lifting of economic sanctions against South Africa. This call from this
    courageous man who has been one of the principal victims of apartheid
    means that the leading groups in South Africa now oppose the maintenance
    of economic sanctions on their country.
        Yesterday's action by the South African Parliament to create a
    Transitional Executive Council (TEC) and today's announcement by the ANC
    are watershed events in the history of South Africa and its movement
    toward a nonracial democracy. South Africans of all races can be proud
    of these momentous achievements. Americans can also take pride in the
    role they

    [[Page 1595]]

    have played through government, churches, unions, universities, activist
    groups, and businesses throughout America to protest the apartheid
    system.
        We must now respect the judgment of the leaders of South Africa and
    move to lift our remaining economic sanctions. We will be taking steps
    necessary to permit lending to South Africa from the International
    Monetary Fund. I welcome the introduction and passage of legislation in
    the Senate to lift the other remaining sanctions at the Federal level
    and hope the House can move rapidly on the legislation as well. I also
    urge States, counties, and cities to move quickly to lift their
    sanctions.
        But removing sanctions will not be enough. Americans who have been
    so active in breaking down the pillars of apartheid must remain
    committed to helping build the nonracial market democracy that comes in
    its wake. For this reason, I have asked that Commerce Secretary Ron
    Brown lead a trade and investment mission to South Africa to explore
    business opportunities, particularly with South Africa's black private
    sector. We will offer an OPIC investment encouragement agreement and
    propose negotiations for a bilateral tax treaty. We will consider the
    possibility of initiating a Peace Corps program in South Africa.
        I urge private companies, investment fund managers, universities,
    labor unions, and other Americans to take advantage of opportunities for
    trade and investment in South Africa and to use their fullest talents to
    assist South Africa's historic transition to democracy.