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QUAKER OATS CEO LAUDS SEN. PAUL SIMON'S NAFTA STANCE

 CHICAGO, Oct. 20 /PRNewswire/ -- William D. Smithburg, chairman and chief executive officer of Chicago-headquartered Quaker Oats Company (NYSE: OAT), praised U.S. Sen. Paul Simon, following the Senator's announcement today that he will vote in favor of the North American Free Trade Agreement.
 "I commend Senator Simon for his decision to support the passage of NAFTA, which offers the United States significant promise for economic growth, increased employment and enhanced international competitiveness. This is especially true in Illinois and the Midwest, which stand to benefit from increased exports of products to Mexico's nearby market of nearly 90 million consumers," Mr. Smithburg said.
 Smithburg, who also serves as chairman of the Grocery Manufacturers of America, believes that the elimination of tariffs on U.S. products will spur demand in Mexico for U.S. manufactured food products. Currently, Quaker exports cereals and Gatorade thirst quencher to Mexico. With the passage of NAFTA, Smithburg foresees the potential for increased production at Quaker plants in Danville, Ill.; Cedar Rapids, Iowa; St. Joseph, Mo.; Dallas, Texas; Topeka and Lawrence, Kan.; and Shiremanstown, Pa.
 Quaker is an international marketer of foods, beverages and pet foods.
 -0- 10/20/93
 /CONTACT: Ronald G. Bottrell, director-public relations of Quaker Oats, 312-222-7388/
 (OAT)


CO: Quaker Oats Company ST: Illinois IN: FOD SU:

TS -- NY041 -- 4503 10/20/93 10:51 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:222
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