EIA APPLAUDS PRESIDENT
CLINTON'S SUPPORT FOR OPEN TRADE WITH CHINA
(Arlington, VA) -- The Electronic Industries Alliance (EIA) this
evening applauded President Clinton for strongly urging swift
Congressional approval of permanent normal trade relations (PNTR)
with China during his annual State-of-the-Union Address.
"Open trade with China - the world's biggest and single-most
promising emerging market, with one billion potential customers -
will play a critical role in keeping the U.S. economy moving
forward," said EIA President Dave McCurdy, whose organization's
number one legislative goal this year is the Congressional passage
of permanent normal trade relations with China. "In tonight's
State-of-the-Union Address, the President clearly demonstrated to
the American people the need for early, bipartisan cooperation for
this important legislation." Trade with China is vital to the growth
of the electronics industry. In 1998, total U.S. electronics sales
to China were an estimated $2.5 billion. Compared to just $1.3
billion in 1994, that is an annual increase of 17 percent. Industry
analysts believe those growth rates will continue for many years to
come.
According to the U.S. China Business Council, trade with China
supports more than 200,000 directly-related manufacturing and
service-sector jobs in the United States, and U.S. imports from
China help generate employment in the United States in
transportation, distribution, retail, financial services, and other
sectors. McCurdy continued, "The President's leadership on this
issue is extremely crucial as is his vocal support when this measure
is introduced in the coming weeks."
Earlier this month, during a speech regarding foreign policy and
national security, Speaker of the House Denny Hastert (R-IL) also
made it clear that PNTR with China is a top priority in the upcoming
session of Congress.
EIA will soon kick-off of its campaign-style Hill strategy aimed
at persuading Members of Congress to support approval of PNTR with
China. EIA's effort will feature a wide array of activities ranging
from coordinated direct lobbying of lawmakers, to a public relations
campaign, to a high-tech grassroots campaign.
Comprised of more than 2,100 members, EIA represents 80 percent
of the $550 billion U.S. electronics industry. EIA's sector
associations and members represent consumer electronics,
telecommunications, components, government electronics,
semiconductor standards, as well as many other vital areas of the
U.S. electronics industry. The Electronic Industries Alliance:
electronic and high-tech associations and companies committed to
shared knowledge and shared influence