    [Public Papers of the Presidents of the United States: William J. Clinton (1995, Book I)]
    [February 26, 1995]
    [Page 269]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on the Trade Agreement With China
    February 26, 1995

        I am pleased that the United States and China today signed an
    agreement on intellectual property, culminating months of hard work by
    our negotiators and their Chinese counterparts.
        This is a strong agreement for American companies and American
    workers. China will undertake immediate steps to crack down on piracy,
    enforce intellectual property rights, and provide more open access for
    U.S. exporters to the burgeoning China market. This agreement will
    eliminate practices that have cost Americans over $1 billion a year in
    high value exports. It will mean thousands of jobs for Americans in key
    industries, including computer software, pharmaceuticals, agricultural
    and chemical products, books and periodicals, and audio visual products.
        U.S. action in China is part of the broader economic strategy of my
    administration to create high paying jobs for Americans. On behalf of
    U.S. workers, we have used every tool at our disposal to fight foreign
    barriers to competitive U.S. exports.
        This new agreement also promotes broader goals in China. Greater
    respect for rule of law and greater access to intellectual property
    products both promote a more open Chinese society.