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World Trade Week [1986]
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World Trade Week [1986]
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Ronald Reagan Presidential Library
Digital Library Collections
This is a PDF of a folder from our textual collections.
Collection: Correspondence, White House Office of:
Records, 1981-1989
Folder Title: World Trade Week
Box: 80 (1986)
To see more digitized collections visit:
https://www.reaganlibrary.gov/archives/digitized-textual-material
To see all Ronald Reagan Presidential Library Inventories, visit:
https://www.reaganlibrary.gov/archives/white-house-inventories
Contact a reference archivist at: [email protected]
Citation Guidelines: https://reaganlibrary.gov/archives/research
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National Archives Catalogue: https://catalog.archives.gov/
Last Updated: 05/03/2023
THE OF SEAL OF STATES THE UNITED
World Trade Week, 1986
By the President of the United States of America
A Proclamation
Each year, World Trade Week provides an opportunity to celebrate the importance of international trade to
our present prosperity and our future prospects. Indeed, it benefits us and all the nations with whom we do
business.
American business initiative and ingenuity have never stopped at our borders. Since the birth of our Nation,
we have been a dynamic force in international trade. That trade has helped us build the most productive
economy in the history of mankind.
Today, America's prosperity depends as never before on our ability to compete in international markets. Our
exports make a major contribution to domestic growth and employment. The United States is today the
world's leading exporter. We export nearly 16 percent more goods to the world than our nearest competitor,
yet we export far less of our total production than many other trading nations. We need to increase our
exports to further strengthen our economy.
American companies need the same free and fair access to foreign markets that the United States offers to its
trading partners. My Administration has stepped up its efforts to counter unfair trade practices and to open
foreign markets that have raised barriers to American products. We will continue to do so.
Today, we are preparing for a new round of multilateral trade negotiations. Through those negotiations we
will continue to press for open markets for the products of our manufacturing firms. We will also press for
greater market access for the products of America's farms and the products of our fast-growing service
industries.
In multilateral negotiations, and at home, we will continue to resist proposals for protectionist measures for
the simple reason, proved by history and bitter experience, that they just do not work.
Export expansion also requires a sound, stable dollar and reliable exchange rates around the world. We have
already achieved a great deal through our efforts to coordinate economic and monetary policies with our
major trading partners. Upward revaluations of foreign currencies against the dollar are making American
products more competitive around the world. We are continuing our policy discussions with America's major
trading partners to enhance America's trading opportunities.
Government can only set the stage for increased trading. It is the job of American private enterprise to make
trade grow. Over the past year, government actions have vastly improved the climate for trade. Aggressive
exporters in our business community are calling today's trading climate an opportunity for a "renaissance in
American competitiveness." Translating that golden opportunity into a reality depends upon all of America's
businesses.
Given fair competitive conditions, American industry and labor can and will meet this challenge with
renewed determination-reaching out to fulfill our potential as a great exporting nation.
NOW, THEREFORE, I, RONALD REAGAN, President of the United States of America, by virtue of the
authority vested in me by the Constitution and the laws of the United States, do hereby proclaim the week
beginning May 18, 1986, as World Trade Week. I invite the people of the United States to join in appropriate
observances to reaffirm the enormous potential of international trade for creating jobs and stimulating
economic activity here while it helps to generate prosperity for all.
IN WITNESS WHEREOF, I have hereunto set my hand this nineteenth day of May, in the year of our Lord
nineteen hundred and eighty-six, and of the Independence of the United States of America the two hundred
and tenth.
Ronald Reagan