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JOBS MISSING IN PRESIDENT BUSH'S TRADE STANCE, AFL-CIO TASK FORCE SAYS

 JOBS MISSING IN PRESIDENT BUSH'S TRADE STANCE,
 AFL-CIO TASK FORCE SAYS
 WASHINGTON, April 21 /PRNewswire/ -- The AFL-CIO Task Force on Trade issued the following:
 President Bush is missing the boat on foreign trade as far as American workers are concerned.
 His misguided push for a fast-track culmination of foreign trade negotiations on the claim that the agreements would create U.S. jobs is unfounded.
 President Bush insists that for each $1 billion in exports 25,000 jobs are created. On that point we agree.
 However, just as many American jobs are terminated for each $1 billion in imports.
 And with imports far exceeding exports in every year since 1982, millions of U.S. jobs have gone down the drain. No amount of White House rhetoric will regenerate these vital goods-producing jobs because of the nation's deteriorating industrial base even though America's manufacturing workers are the most productive in world.
 Not all the industrial jobs are being lost overseas. Just since the mid-1980s, some 500,000 factory jobs have been shipped to maquiladora plants in Mexico where workers are exploited with poverty-level pay and inhumane working conditions. Nearly every major industrial company that now has production operations across the border has shut down or scaled back plants in communities throughout the United States.
 Further damage would result to the U.S. economy from the course the White House has taken in the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) as well as the North American Free Trade Agreement (NAFTA).
 As the draft agreements on GATT and NAFTA now stand, they threaten to:
 -- Increase unemployment in vital sectors of the U.S. economy.
 -- Damage the country's industrial base.
 -- Induced a greater outflow of capital from the United States.
 -- Weaken U.S. remedies against unfair trade.
 -- Compromise the nation's sovereignty and economic policy.
 -0- 4/21/92
 /CONTACT: Mark Anderson of the AFL-CIO Task Force on Trade, 202-637-5178/ CO: AFL-CIO Task Force on Trade ST: District of Columbia IN: SU:


DC -- DC029 -- 0848 04/21/92 16:15 EDT
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Date:Apr 21, 1992
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