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130162 1 (1986-06-18)

handle is hein.gao/gaobactsm0001 and id is 1 raw text is: /13 0 %


UNITED STATES GENERAL ACCOUNTING OFFICE
         WASHINGTON, D.C. 20548


FOR RELEASE ON DELIVERY
EXPECTED AT 9:30  A.M.
WEDNESDAY, JUNE 18, 1986


130162


                  STATEMENT OF

                  JOAN M. McCABE

         U.S. GENERAL ACCOUNTING OFFICE

                   BEFORE THE

COMMITTEE ON BANKING, FINANCE, AND URBAN AFFAIRS

     SUBCOMMITTEE ON ECONOMIC STABILIZATION

            HOUSE OF REPRESENTATIVES


ON


         THE INTERAGENCY STUDY ON MILITARY  TRADE OFFSETS



Mr. Chairman, Members of the Subcommittee:

     I am pleased to be here today  to discuss the results of our

recently completed work dealing with  the February 1986

interagency report to the Congress  titled Impact of Offsets in

Defense-Related Exports.1  Among  this report's major findings

were the following:

     -- The overall magnitude of offset  obligations does not

        appear to be  large in the context of either total exports

        by the companies reporting,  or in the context of the

        value of total military  production by these companies.





lSee Military Exports:  Analysis  of an Interagency Study on Trade
Offsets  (GAO/NSIAD-86-99BR), dated Apr. 4, 1986.

                                 1

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