Letter from Secretary Brown - Ronald H. Brown - Transcript

Business America, Oct, 1994

[CHART OMITTED]

During the past 12 months, U.S. sales abroad have continued to grow -- from $629 billion to approximately $659 billion, despite recessions in our traditional markets in Europe and Japan. But, with NAFTA in place, exports to Canada and Mexico boomed, as they did to East Asia and to Latin America. In addition, with economic grwoth expanding in the advanced industrialized economies, we can look forward to a stronger export performance for 1995.

One year ago I stated a goal. I said that we were aiming to increase our exports of goods and services from more than $640 billion in 1993 to over $1 trillion by the year 2000, supporting over 6 million new jobs. We are well on track. In fact, we believe we should set an even more ambitious objective of $1.2 trillion. The increasing competitiveness of American firms and the partnership that has been formed between government and business to expand exports gives me confidence that we will exceed our original targets if we continue the intensive efforts we began this year -- as we must.

[CHART OMITTED]

As always, I solicit your thoughts and suggestions as to how we can do more, and what we can do better, to win foreign markets and create more better paying jobs for the American people.