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 WASHINGTON, Sept. 9 /PRNewswire/ -- The Business Roundtable today announced that Lawrence A. Bossidy, chairman and chief executive officer of AlliedSignal, Inc., will lead its efforts to secure U.S. ratification of the North American Free Trade Agreement (NAFTA). Mr. Bossidy will succeed Kay Whitmore, chairman and CEO of Eastman Kodak Company, as head of USA(asterisk)NAFTA, a coalition of over 2,700 large and small U.S. businesses and associations which support the agreement.
 "Because it will level the playing field for U.S. exporters," said Mr. Bossidy, "NAFTA will create thousands of high-paying jobs for U.S. workers by vastly expanding the market for U.S. products in Mexico. We look forward to working closely with the Clinton Administration on a successful NAFTA effort."
 Mr. Bossidy also indicated that the Business Roundtable has completed review of the text of the NAFTA supplemental agreements and is enthusiastically supporting the complete NAFTA package. The Roundtable expressed concern, however, that the supplemental agreements should not serve as precedent for future agreements, particularly those provisions permitting the use of trade sanctions. The Business Roundtable hopes that the NAFTA package will be approved and implemented by Congress without delay.
 Mr. Bossidy said that his coalition would work to spread the word to the American people of the benefits of NAFTA to the U.S. economy and allay the fears being fomented by anti-NAFTA groups. "Once the true facts about NAFTA's effect on jobs and the environment are known to the American people, they will reject the misleading claims of the opponents."
 Mr. Bossidy said NAFTA would bring substantial benefits for the U.S. economy, U.S. companies, U.S. workers, and the environment.
 -- NAFTA will create over 200,000 new, higher paying U.S. jobs and help preserve 700,000 existing jobs that are related to exports to Mexico.
 -- NAFTA will create a level playing field for U.S. exporters, locking in Mexico's recent economic liberalization and eliminating Mexican tariffs (which are 2-1/2 times higher on average than their U.S. counterparts) as well as most other barriers to U.S. products.
 -- NAFTA will help U.S. companies and workers compete against Far East and European competitors by creating the world's largest market and providing preferential access to Mexico's growing market of 90 million consumers.
 -- NAFTA will promote better environmental protection by generating the economic wherewithal and political atmosphere to improve environmental protection in Mexico and the U.S.-Mexico border region.
 Mr. Bossidy said the Business Roundtable looks forward to working with all parties to ensure that NAFTA is implemented and that environmental and labor rights are protected.
 -0- 9/9/93
 /CONTACT: Eric Thomas of Business Roundtable, 202-822-9491/

CO: The Business Roundtable ST: District of Columbia IN: SU:

WB-OS -- NY077 -- 0520 09/09/93 17:26 EDT
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Publication:PR Newswire
Date:Sep 9, 1993

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