United States Japan Framework Talks On Trade Hearings Before the Commerce Con

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United States Japan Framework Talks On Trade Hearings Before the Commerce Con
Consumer United States Congress House Committee On Gover
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-Japan relationship based on mutual prosperity and interest in opening markets in Asia.
My district includes the Ports of Long Beach and Los Angeles, so I can tell you that my constituents care very much about Asian trade. Japanese foreign direct investment has meant many jobs for my. I look forward to the day when American foreign direct investment in Japan will mean more jobs and market share for our exporters. Southern California is still experiencing difficult economic times. Trade-driven g
...rowth will rehabilitate the Southern California economy - with NAFTA passed, we need successful GATT legislation and increased trade with Asia. This will ensure that the comparative advantages which our country possesses will be exploited, for the good of Americans, Japanese, and every other trading people.
Mr. Chairman, you and the staff have assembled a most distinguished group of policymakers and economists. I look forward to hearing their testimony.
171 Mr. Horn. Let me ask, first, a question about those firms in the United States that are largely owned or almost exclusively owned by the one Japanese firm or tne other, the so-called transplants.


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