XN000022-1985-07-19 — Page 3

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FRIDAY, JULY 19, 1985

WE HE SAID: THE UNITED STATES HAS SET ITS COURSE CLEARLY. SUPPORT A SIMULTANEOUS LIBERALISATION OF ALL THE ECONOMIES IN THE PACIFIC REGION, INCLUDING OUR OWN.+

ON TRADE POLICY OBJECTIVES IN ASIA, MR YEUTTER SAID THE MOST IMPORTANT FACTOR IN THE RECENT ECONOMIC DYNAMISM OF THE PACIFIC REGION HAD BEEN THE OPEN AND EXPANDING U.S. ECONOMY,

+ THE PHENOMENAL GROWTH OF THE ASIAN ECONOMIES COULD NOT HAVE BEEN ACHIEVED WITHOUT THE VORACIOUS AMERICAN APPETITE FOR IMPORTS RESULTING FROM OUR UNPRECEDENTED ECONOMIC RECOVERY.

HOWEVER, HE SAID THAT THOSE WHO HAD BENEFITED SO SIGNIFICANTLY FROM THIS SITUATION HAD AN OBLIGATION TO CONTRIBUTE TO THE CONTINUATION OF PACIFIC PROSPERITY.

+THE OBLIGATION OF THE PACIFIC COUNTRIES IS TO OPEN THEIR ECONOMIES TO FOREIGN PARTICIPATION,+ HE SAID.

HE SAID THE PROPOSED TEXTILE APPAREL TRADE AND ENFORCEMENT ACT AND THE UNITED STATES INTERNATIONAL TRADE COMMISSION'S RECOMMENDATION OF IMPORT RELIEF FOR NON-RUBBER FOOTWEAR WERE CONSIDERED BY ASIAN COUNTRIES AS MAJOR IMPEDIMENTS TO THEIR ABILITY TO LIBERALISE THEIR OWN ECONOMIES FURTHER.

+POLITICALLY IT IS DIFFICULT TO PERSUADE THEIR OWN BUSINESS COMMUNITIES, LEGISLATURES AND PUBLIC THAT THEY SHOULD LIBERALISE THE IR ECONOMIES WHEN THE U.S. APPEARS TO BE INCREASINGLY PROTECTIONIST.

+ECONOMICALLY, IT IS DIFFICULT FOR THEM TO LIBERALISE IF THE PROSPECTS FOR THE IR FLAGSHIP EXPORT INDUSTRIES ARE UNCERTAIN.+

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DORWARD LOBBIES TOP CONGRESSMEN

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HONG KONG'S COMMISSIONER FOR COMMERCIAL AFFAIRS IN NEW YORK MR WILLIAM DORWARD, MET WITH SOME OF THE MOST POWERFUL MEMBERS OF THE U.S. CONGRESS YESTERDAY (THURSDAY) TO LOBBY AGAINST THE JENKINS BILL, WHICH SEEKS TO PROTECT THE AMERICAN TEXTILE INDUSTRY BY RESTRICTING IMPORTS.

IN A SERIES OF CALLS ON CAPITOL HILL, HE HAD TALKS WITH THE SENATE MAJORITY LEADER, ROBERT DOLE, SENATOR BILL BRADLEY OF NEW JERSEY, AND THE CHAIRMAN OF THE HOUSE OF REPRESENTATIVES WAYS AND MEANS COMMITTEE, DAN ROSTENKOWSKI.

MR. JORWARD