[Weekly Compilation of Presidential Documents Volume 31, Number 9 (Monday, March 6, 1995)]
[Page 319]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
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.