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IMMEDIATE RELEASE

Contact: Areaka McFadden, 202-482-4883

or Patrick Kirwan/Curt Cultice, 202-482-3809

January 16, 2000
 
New President's Export Council Report:
Much has been Accomplished in Trade, but Many Challenges Remain
 

Washington, D.C. - A final report released today by the President's Export Council (PEC) highlights its accomplishments in helping expand market opportunities for U.S. businesses during the Clinton Presidency, and assesses the challenges in international trade that will face the incoming administration.

Secretary of Commerce Norman Y. Mineta, accepting the report on behalf of President Clinton and the Administration, thanked the PEC members for their "tirelesss advice and grass-roots efforts in helping to create an environment in which trade can flourish, and expanding export and economic opportunity for the working people of America." 

Citing the 71-page report: Building a National Consensus on Trade for the Twenty-First Century, Mineta noted that the PEC has provided leadership on issues that were subsequently adopted including, conforming to the Organization for Economic Cooperation and Development (OECD) Anti-Bribery Convention; funding the U.S. share of the International Monetary Fund (IMF); and liberalization of export regulations on encryption products. 

PEC Chairman C. Michael Armstrong, CEO of AT&T, pointed to the PEC's record in promoting trade education as one of its greatest achievements. He also emphasized the continuing need to build a national consensus on trade, as stakeholders and policymakers address ongoing challenges for the United States: Obtaining trade negotiating authority for the President; addressing issues of unilateral and sub-federal trade sanctions; linking labor and human rights and environmental protection with international trade; and increasing international trade education. 

Reporting to the President of the United States through the Secretary of Commerce, the President's Export Council (PEC) is the premier national advisory committee on international trade. The Council advises the President of government policies and programs that affect U.S. trade performance; promotes export expansion; and provides a forum for discussing and resolving trade-related problems among the business, industrial, agricultural, labor, and government sectors. The 28 private-sector members of the PEC represent industry, labor and agriculture. Ten members of Congress and the heads of nine Federal agencies are also members of the PEC. 

The final PEC Report and a companion report: "Best Practices" in Trade Education, a compendium of private-sector education initiatives regarding the benefits of international trade, are available in summary form:


Copies of the full report are available by calling 202-482-1124.



 


 

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