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AUTO INDUSTRY LEADERS SUPPORT CLINTON ON TRADE NEGOTIATIONS WITH JAPAN

 WASHINGTON, June 10 /PRNewswire/ -- The American Automobile Manufacturers Association (AAMA) and the United Auto Workers (UAW) today released a letter sent to President Clinton in strong support of the administration's new results-oriented approach in trade negotiations with Japan which begin tomorrow.
 The letter was signed by: UAW President Owen Bieber, Chrysler Chairman Robert J. Eaton, Ford Chairman Harold A. Poling, General Motors President John F. Smith Jr., and AAMA President Thomas H. Hanna.
 The text of the letter follows:
 We support and commend your Administration for its bold approach to correct the serious and chronic U.S. trade imbalance with Japan.
 Your challenge to the Japanese government to reduce substantially its trade imbalance with the rest of the world should lead to almost immediate opportunities to sell competitive U.S. products in Japan and strengthen the global trading system.
 The facts are on your side. Despite years of pledges and commitments to previous presidents, Japan's current trade surplus with the U.S. remains at nearly $50 billion. Automotive trade accounts for nearly two-thirds of that imbalance and projections are that it may increase in 1993. In 1992, Japanese automakers accounted for some 30 percent of the U.S. auto market and 12 percent of Europe's, while all foreign manufacturers accounted for less than 3 percent of Japan's market. And Japanese automakers have used their protected home market profits to fund their expansion into the world's major markets.
 Chrysler, Ford and General Motors have active sales and marketing operations in Japan. Each company has strengthened distribution networks, increased advertising expenditures and established technical centers there as well. The vehicles our companies and members produce can compete effectively with any product offered to Japanese consumers and our parts and components with any now purchased by U.S. transplants. But the record suggests little promise for major U.S. gains unless there are fundamental changes in Japanese government and business practices and measurable indicators to assess increases in U.S. sales opportunities.
 The more than 2 million American workers who are building and selling Chrysler, Ford and General Motors' cars, trucks and components are taking on the world. And, as the market share of the three companies grows, so do the number of high quality jobs that can be offered. However, a large and persistent trade deficit with Japan will continue to be an impediment to U.S. economic growth and job creation.
 You saw first-hand the spirit, dedication and pride of the workers who build our cars and trucks when you attended the "Drive American Quality" event. Your words of support were appreciated by all of us who have worked hard to build a strong and globally competitive U.S. auto industry. Results of a strong U.S.-Japanese trade policy will create jobs and help get our economy moving. We encourage you to remain firm in your determination to start reducing the chronic U.S. trade deficit with Japan.
 -0- 6/10/93
 /CONTACT: Frank Joyce of UAW, 313-926-5297; John Guiniven of Chrysler, 202-862-5409; Bill Day of Ford, 202-962-5366; Bill Noack of GM, 202-775-5008; or Ed Lewis of AAMA, 202-775-2715/
 (C F GM)


CO: United Auto Workers; Chrysler; Ford; General Motors; American
 Automobile Manufacturers Association ST: District of Columbia IN: AUT SU: EXE


KD-TW -- DC015 -- 0680 06/10/93 14:00 EST
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Publication:PR Newswire
Date:Jun 10, 1993
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