THE WHITE HOUSE: 2nd joint status report under the US-Japan initiative on deregulation and competition.

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M2 PRESSWIRE-5 May 1999-THE WHITE HOUSE: Office of the Press Secretary -- Second joint status report under the US-Japan enhanced initiative on deregulation and competition policy (C)1994-99 M2 COMMUNICATIONS LTD RDATE:030599 Deregulation of the transportation, telecommunications, energy, financial, aviation and other sectors in the United States since the mid-1970s' has fundamentally repositioned our economy to be the most competitive economy in the world today.

Deregulation means changing the way government operates, including the ways it regulates and provides incentives to investment. Support for pro-competitive practices is essential to secure new investment, new technology development, entrepreneurship and the creation of new economic opportunities...