Page:United States Statutes at Large Volume 112 Part 5.djvu/998

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112 STAT. 3756 PROCLAMATION 7097—MAY 15, 1998 areas subject to the jurisdiction of the United States, to join in observing this occasion and to urge all Americans to practice safe boating not only during this week, but also throughout the year. IN WITNESS WHEREOF, I have hereunto set my hand this fourteenth day of May, in the year of our Lord nineteen hundred and ninety-eight, and of the Independence of the United States of America the twro hundred and twenty-second. WILLIAM J. CLINTON Proclamation 7097 of May 15, 1998 World Trade Week, 1998 By the President of the United States of America A Proclamation The American economy is experiencing its longest period of sustained growth in more than a generation, with more than 15 million new jobs, the lowest unemployment rate since 1970, and the lowest inflation rate in more than 30 years. Much of this economic expansion can be attributed to our overseas trade. Today, America is the world's leading exporter. Our exports sustain 12 million jobs—jobs that on average, pay more than jobs not tied to exports. The extraordinary vigor of America's economy reflects the 1998 theme of World Trade Week: "Exporting Pays Off." Oiu unparalleled capacity to develop and market high-technology products and processes has given us a strong competitive edge in the international marketplace in everything from aerospace to agriculture. Americans have led the world into the Information Age, and we are poised to lead it into an exciting new era of electronic commerce. Also central to our success in the global economy has been our ability to open foreign markets for American goods and services. During the past 5 years, my Administration has negotiated more than 240 new trade agreements and strengthened efforts to eliminate unfair trading practices in order to help American workers and businesses compete in an international arena that is open and fair and where trade rules are enforced. To keep America growing, and to maintain our leadership in the global economy, we must expand our exports. We must sustain oiu advantage in information and other technologies by creating a business climate that encourages investment, by continuing our support of education and research in basic science and technology, and by ensuring that American workers are the best-educated and best-trained work force in the world. The Bureau of Labor Statistics estimates that we will need more than a million new high-skilled workers during the next 10 years to power the information technology field. We must provide working Americans with the skills and training they need to seize these promising employment opportunities. Our exports and our economic strength depend upon our access to an open, stable, and growing world market. The nations of the world are becoming increasingly intertwined in a global economy. We must continue our efforts to remove foreign barriers to American goods and