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EAST TO LAUNCH TRADE PROJECT

 EAST TO LAUNCH TRADE PROJECT
 WHAT: East Asia Society for Trade (EAST) calls for radical
 change in the U.S.-East Asia status quo: American
 corporations need to restructure in order to reintroduce
 free enterprise within themselves. Only by this means
 will American creativity and innovation restore
 competitive leadership. EAST calls for open markets,
 rejection of acrimony and protectionism and a newly
 defined political/military presence in East Asia.
 WHEN: Monday, May 4, 10 a.m.
 WHERE: National Press Club, Zenger Room, 14th and F streets
 N.W., Washington
 TRADE PROJECT TO BE LAUNCHED
 The East Asia Society for Trade (EAST) was established in February 1991 as a non-profit organization dedicated to promoting better trade ties between the United States and the economies of East Asia by encouraging efficiency and excellence in domestic production and improved market access for American products and services in a political climate free of gratuitous animosity. On May 4, EAST launches the public phase of its trade project in order to address the root problems in America's economic relations with the nations of East Asia.
 -- "America's economic interest requires a bold new approach to
 competitive strategy and ... open foreign markets."
 EAST is founded on the principle that America's economic interest requires a bold new approach to competitive strategy and increasingly open foreign markets, not protectionism. Part of the fundamental rationale for the estalishment of EAST is the conviction of its founders that the tone of rising hostility in U.S.-Japan relations (and to a lesser extent in U.S. relations with other East Asian trading partners), coupled with a signifcant lack of progress in mutual understanding could precipitate destructive retaliatory policies by both countries, producing long-term economic damage.
 EAST seeks to provide substantive information, expertise and comment in a timely manner to government officials, private sector leaders and journalists in all Pacifice Rim countries while serving as a non-governmental forum for the discussion of important trade disputes in an enlightening, non-confrontational milieu. This effort will be advanced by encouraging productive dialogue on a range of subjects which are becoming the focus of heightened tension between two of the world's leading economic powers, the United States and Japan.
 CONTACT: Adam A. Dobrin for EAST, 202-778-2159.
 -0- 5/1/92


CO: East Asia Society for Trade ST: District of Columbia IN: SU:

DC-TW -- DC024 -- 5518 05/01/92 13:55 EDT
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Publication:PR Newswire
Date:May 1, 1992
Words:395
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