[Federal Register Volume 59, Number 97 (Friday, May 20, 1994)]
[Presidential Documents]
[Pages 26407-26408]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12589]
[[Page Unknown]]
[Federal Register: May 20, 1994]
Presidential Documents
Federal Register
Vol. 59, No. 97
Friday, May 20, 1994
____________________________________________________________________
Title 3--
The President
Proclamation 6690 of May 18, 1994
World Trade Week, 1994
By the President of the United States of America
A Proclamation
As we observe World Trade Week, 1994, we find our
Nation well-positioned to compete in the 1990s. Our
economy is the strongest in the industrialized world.
Our work force is second to none. Our system of higher
education is unequalled. And our people are more
optimistic--and have reason to be.
Yet, success in world markets is not automatic--it
requires planning and effort.
``U.S. Exports Equal U.S. Jobs,'' the theme of World
Trade Week, illustrates why the United States must make
the push to increase the involvement of American
business in international markets. Exports have become
a critical engine of our Nation's economic progress. In
the past 5 years, exports of goods and services have
been responsible for more than 40 percent of U.S.
economic growth.
Today one in every five manufacturing jobs is linked to
exports. Exports of goods and services support some
10.5 million jobs. And exports lead to better paying
jobs. American workers producing for export earn 17
percent more than the overall average wage.
The intersection of domestic and international business
makes it more important than ever to emphasize all of
the factors that make America competitive. Sustainable
economic growth is possible only if we solve those
societal problems that keep our people from achieving
their best.
The first order of business for this Administration was
to improve the economic climate at home, and this
continues to be my priority. We have made great strides
in bringing the Federal budget deficit under control.
Fiscal restraint has prompted a surge in business
investment. We are in the process of implementing a
policy that encourages private and public partnerships.
We have begun the difficult job of helping the defense
industry to convert to a more commercial business. And
we are devoting more attention to secondary education
and to training and retraining our work force.
This Administration is working vigorously to secure a
health care plan for all Americans, and we have
proposed a reform of our welfare system. We have major
initiatives underway to fight crime and drug
trafficking.
These steps toward healthy economic growth and a more
secure society represent the essential underpinning for
America to compete in the world economy.
However, U.S. companies must have fair access to
international markets. We have placed a high priority
on reducing trade barriers abroad, and we are making
progress. The North American Free Trade Agreement
creates a vibrant, integrated market on our own
continent and opens up great possibilities for an even
larger free trade area in the future. The successful
conclusion of the Uruguay Round of GATT trade
negotiations after 7 years of hard bargaining now
should lead to a significant expansion of global trade.
Partnership between the United States Government and
the private sector is necessary if we are to reach the
economic goals outlined early in my Administration. The
Federal Government is committed to being a constructive
partner by creating a favorable environment for the
U.S. private sector to conduct business at home and
abroad. However, the main responsibility for developing
overseas markets lies with the private sector. It is up
to business to take the risks, but the risks bring the
right to reap the rewards.
Our workers will reap the rewards in the form of many
new jobs, because exports can be our number one method
of creating high-wage jobs.
All this leads to only one conclusion: We must thrive
globally to secure a healthier economy, and it is in
the interest of business, workers, and the entire
population to do so. We must sell more in the global
marketplace--and we are continuing to do our best to
expand that marketplace for American goods. We must
also promote trade in a way that benefits workers and
encourages sustainable development.
NOW, THEREFORE, I, WILLIAM J. CLINTON, President of the
United States of America, by virtue of the authority
vested in me by the Constitution and the laws of the
United States, do hereby proclaim the week beginning
May 22, 1994, as ``World Trade Week.'' I invite the
people of the United States to join in appropriate
observances to reaffirm the potential of international
trade for creating prosperity for all.
IN WITNESS WHEREOF, I have hereunto set my hand this
eighteenth day of May, in the year of our Lord nineteen
hundred and ninety-four, and of the Independence of the
United States of America the two hundred and
eighteenth.
(Presidential Sig.)>
[FR Doc. 94-12589
Filed 5-18-94; 4:20 pm]
Billing code 3195-01-P
