The United States remains firmly committed to free trade in theory and in practice. And we expect the same of other nations. President Clinton's decision last week to reinstate the Super 301 provision of our trade law must be seen in this light. The President's purpose was to provide a basis to open foreign markets, not to close ours. Super 301 is meant to supplement, not supplant, our bilateral trade negotiations and our commitment to multilateral remedies.
Nobody wants a trade war.
Last July's Framework commitments were made for Japan's benefit as well as that of the United States and other nations. By boosting domestic demand, opening markets, welcoming foreign investment, and deregulating its economy, Japan would create business opportunities for Japanese as well as foreign companies. It would spur innovation and improve productivity. Fulfilling the Framework commitments would expand choices and lower prices for Japanese consumers and businesses. For example, I am sure that you have noticed prices for personal and office computers in Japan are coming down as competitive American firms are able to enter the Japanese market.