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094315 1 (1979-05-30)

handle is hein.gao/gaobacuhx0001 and id is 1 raw text is: -4 1 I I 111111 11111 11111 IIIII~lljII 11111 1111 liii flq43 ADDRESS B& ELMER B. STAATS COMPTROLLER GENERAL OF THE UNITED STATES BEFORE THE INTERNATIONAL BUSINESS; COUNCIL . ELECTRONIC INDUSTRIES ASSOCIATION WESTBUR , YORK CITY May 30, 1979 ?EXPORT TRADE AND G ENT POLICYj It is a great pleasure for me to be here today to deliver the keynote address. The electronic industries are a key ele- ment of U.S. export trade and it is important that the Govern- ment's policies and programs serve to assist the industry in its efforts to continue and to expand the trade advantage we have in this field. As you well know, the United States has had a deficit balance of foreign payments in six of the last eight years. In 1978, our merchandise trade balance was in deficit by $34 billion. The importance of increasing our export trade to help counteract this trend is simply illustrated by the fact that each $1 billion dollars of trade creates 40 thousand jobs, an additional $2 billion in the gross national product and $400 million in federal tax revenues. The President recognized the need for the Federal Govern- ment to place a higher priority on exports in his September 1978 statement on national export policy. He announced a series of measures to improve United States export perform- ance by: 7 1 D U T AV#nIA I 7b 7/iodST DOCUMEV) Agggol I I

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