International Friction and Cooperation in High-Technology Development and Trade Papers and Proceedings (1997) / Chapter Skim
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Luncheon Address: International Competition for High-Technology Industry and the Multilateral Trading System
Luncheon Address: International Competition for High-Technology Industry and the Multilateral Trading System
Pages 62-70
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From page 62... ...
The first reason is that America is very successful with new technologies. The United States is investing more, and U.S.
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From page 63... ...
Almost all of these sectors are high technologies, such as advanced chemicals, electronics, and medical equipment. So that tells me that the tariff reduction programs of the United States, in terms of exports, will be helpful to high-technology industry.
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From page 64... ...
The Uruguay Round Agreement, of course, reduces barriers to those products, gives us minimum access to foreign markets, changes quotas into tariffs, and sets up a system that will gradually reduce trade barriers over a period of years. This agreement needs to be phased in because agriculture is sensitive in every country, including the United States.
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From page 65... ...
The United States has ambitious goals for opening markets in foreign telecommunications services. This is both an investment agreement and a services agreement, because you need to be able to install the basic infrastructure to be able to develop telecommunications services, particularly in developing countries.
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From page 66... ...
What I do know from my private sector and previous government experience is that many people in the United States have always seemed closely associated with a basic concept in the subsidies area of the generally available subsidy. And the association is that the subsidy was so far removed from the ultimate product itself that it should not be the subject of international action.
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From page 67... ...
Just between the United States and Europe, there is a $450 billion investment. We need to lock in high standards and then approach the developing countries with that agreement.
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From page 68... ...
The terms of its renewal will seriously constrain the block exemption, so that dealers can be allowed under European antitrust law to carry more than one brand. That may not be the identical situation to the one in the United States with respect to competition law, but the competition law is alive and well in Europe and is being enforced.
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From page 69... ...
In regard to after markets and the safety regulations, it is not clear to me how you would deal with Article 23 with the nonviolation. Surely it is important for the United States, which has just signed the Uruguay Round and for whom Article 23~1~(b)
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From page 70... ...
70 INTERNATIONAL FRICTION AND COOPERATION move forward with Japan and agree to open the market on a bilateral basis should not be seen as hostile to the multilateral system. Rather, this approach seems to support the multilateral system by having large markets open and matching people's expectations about what WTO concessions are supposed to deliver.
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