H
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understanding of that problem and we wanted to deal with
it separately.
QUESTION: Mr. Secretary, did you discuss
specifically any other imports of any other industry such
as consumer electronics or anything of that nature rather
21
than a broad, general discussion of other specific in-
7
8
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dustries?
SECRETARY STANS: No, except as a subject like
that came up incidentally.
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In addition to the matters I mentioned to you
we had, in one country, a very substantial discussion on
the subject of American investments and this was in Japan.
We urged the Government of Japan to accelerate.
its program to liberalization of foreign investments in Japan and we also urged the government to raise its
:.
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sights from a 50 percent limit on investment to 100 per-
cent.
We pointed out that Japanese businessmen can invest
in the United States up to 100 percent in any enterprise
and they are doing so, and that the real reciprocity would
call for American businessmen having the same privileges in
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Japan.
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We pointed out to them while they have a program
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of liberalization and have already taken several steps under
it, most of the acts taken so far do not present anything
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