[Public Papers of the Presidents of the United States: William J. Clinton (1994, Book I)]
[February 16, 1994]
[Pages 263-265]
[From the U.S. Government Publishing Office www.gpo.gov]



Remarks Announcing the Aircraft Contract With Saudi Arabia and an 
Exchange With Reporters
February 16, 1994

    The President. Thank you very much, Secretary Brown. Ladies and 
gentlemen, in this Olympic season, we come here today to announce a gold 
medal win for America's businesses and workers.
    Last year the Government of Saudi Arabia decided to find replacement 
aircraft for its civilian fleet of approximately 50 airplanes. Today, 
the Saudi Ambassador, Prince Bandar, has officially informed me that 
King Fahd has decided to purchase the entire replacement fleet from 
American companies, from Boeing and McDonnell Douglas. The purchase will 
be financed by the United States Export-Import Bank. It will total 
almost $6 billion and will support tens of thousands of American jobs in 
Washington, California, Kansas, Missouri, Utah, Arkansas, and several 
other States.
    The purchase is a vote of confidence in American quality, American 
workers, and the competitiveness of our exports. As Secretary Brown 
said, it underlines the efforts that we have made,

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from NAFTA to GATT to the APEC conference to our national export 
strategy in lifting export controls on many products which for many 
years could not be sold abroad, to expand our markets, to reduce trade 
barriers, to create good high-paying jobs in America in a thriving and 
open world economy. It proves again that we can compete; we don't have 
to retreat.
    The United States and Saudi Arabia have long enjoyed close 
relations. We have especially strong commercial relations in the field 
of civil aviation. With today's announcement, this proud tradition will 
continue well into the next century. Close economic ties complement the 
important political and strategic relationship that we have and that we 
value greatly with Saudi Arabia.
    Let me note that I have already spoken directly with many Members of 
Congress and Governors and other State and local officials whose 
constituents will benefit from this sale. The message I gave them is 
simple: We worked hard on this, and we will continue to work hard at 
home and abroad to help our people thrive in the global economy.
    In closing, let me thank especially King Fahd, Prince Bandar, and 
the Government of Saudi Arabia for this decision; Secretaries Brown, 
Christopher, and Pena; Tony Lake and others in the White House, 
including Bob Rubin and Mr. McLarty, all of whom had some role in this. 
We all spent a lot of time over a long period on this. The sustained 
effort that was done is another product of the teamwork that we try to 
practice in our administration. Secretaries Brown, Christopher, and Pena 
all personally traveled to Riyadh in part to emphasize the importance of 
this sale to our country. And I thank them especially for that.
    Let me also offer my congratulations to the management and to the 
employees of Boeing and McDonnell Douglas. Your hard work really made 
this possible. We just tried to bring it to the surface. America should 
be proud of this day. And I hope this day will lead us to many others 
like it.
    Thank you very much.
    Q. Mr. President, it's been reported that you personally called on 
King Fahd to buy American-made aircraft. I'm wondering if this means 
that you'll be taking a much more active role in drumming up business 
for U.S. firms? For instance, in Vietnam, since you've recently lifted 
the trade embargo there, might you encourage leaders in that country to 
purchase U.S. aircraft?
    The President. It depends on what the facts are in any case. I think 
you can say, first of all, that the Secretary of Commerce has showed an 
historic level of activism, not only in this area but in many others. 
The Secretary of State has done a remarkable job in a short period of 
time in changing the culture of many of our embassies and getting them 
in country after country after country much more involved in trying to 
promote commercial activities and working with the Commerce Department 
and others.
    The Secretary of Transportation has, I think, focused on the global 
aspects of his job more than any of his predecessors that I can think 
of. So I think what you could say is that this administration will be 
aggressively involved in this kind of endeavor. When I think it is 
appropriate and potentially helpful, I don't mind asking for the 
business. But I think it's something I don't want to lay down a general 
rule of thumb on because I think it will have to be taken on a case-by-
case basis.

Japan-U.S. Trade

    Q. Mr. President, are you still contemplating more sanctions against 
Japan, or can you rule that out for now?
    The President. Well, ever since the talks I had with Prime Minister 
Hosokawa, we've been reviewing our options, consulting with our friends, 
and trying to assess what course we ought to take. And I think sometime 
in the next few days my economic team--Mr. Rubin is here--and our 
national security team will come back with a set of options and 
recommendations to me. And then I'll have something to say about that. 
That is different from, of course, the announcement which was made 
yesterday by Ambassador Kantor on the cellular telephone issue. That's 
an issue of longstanding development.

Aircraft Contract With Saudi Arabia

    Q. Mr. President and Prince Bandar, actually, does this emphasis on 
redoing the Saudi commercial airline system, does it sort of represent a 
shift in priorities and a shift in emphasis? Does the Saudi Government 
no longer feel as much of a military threat perhaps as it did before and 
feel the need to--[inaudible].
    Prince Bandar. No, just means Saudi needs to modernize its fleet, 
that's all. [Laughter]

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    The President. For those of you who don't know it, the Prince is an 
accomplished pilot, trained on American fighters in the United States, 
and he just wants to always see them in the best and the newest 
airplanes. [Laughter]
    Thank you very much.

Note: The President spoke at 10:12 a.m. in the Roosevelt Room at the 
White House.