We will be prepared to use our anti-dumping and countervailing duty laws where appropriate. In particular, we want to ensure IMF funds are not used to unfairly subsidize exports to the United States. More importantly, it is for the benefit that will come to the people of Asia. Imports support their own exports. Imports bring in technology.
Imports improve the overall competitiveness of Asian companies.
Given that scope of inter-Asian trade, the economic health of any one country in the region has great consequences for its neighbors. We must find creative ways to reestablish export credit. We must offer political support, coaxing and prodding them toward openness and competition. Hearing this bothered me. President Clinton very much believes that our future is intertwined with Asia, that a healthy and open Asia is very much in our economic and political interest.