Proclamation 5814 -- World Trade Week, 1988
the President of the
Setting aside a week in celebration of international trade is a fitting way to remind ourselves of the countless benefits of world trade for Americans and for people around the globe, and to remember that freedom is, and must be, an essential element in economic life -- individual, national, and international.
International trade can link individuals and nations alike by providing opportunities for the interchange of goods and services, the fruit of human talents that transcend boundaries of geography and culture. The key ingredient in every act of trade is freedom. Only freedom respects the inherent rights, dignity, conscience, and worth of individuals; only freedom encourages individuals to develop their creative abilities to the fullest and to command fair return for their labor; and only freedom provides a rational and humane basis for economic decision-making. The freedom of exchange that is at the heart of every genuine economic transaction benefits all parties and builds competition, enterprise, prosperity, justice, cooperation, and social well-being as people achieve economic success by finding their fellowman's unmet needs and filling them well.
Our country's prosperity likewise depends on our ability to identify needs and markets for goods and services and to meet them well. Our free market economy, our belief in free but fair trade on a global basis, and the American people's ingenuity and ability all make our products among the world's most competitive -- and we intend to keep it that way.
Administration has worked to improve the climate for international trade by
seeking a renaissance in American competitiveness. Last year, as American goods
regained price competitiveness overseas, exports hit a record level; more than
407,000 manufacturing jobs were created; and employment surged, with more
Americans in the labor force than ever before. Exports spell opportunity for
American business; thousands of
Foreign markets are now more open to American goods than in the past, but we have far to go in the quest to undo unfair restrictions on trade. We seek to encourage removal of foreign barriers to free trade, but we simultaneously work to discourage domestic protectionism -- more accurately described as ``destructionism,'' because it stifles progress and prosperity by preventing competition and economic transactions that people everywhere desire and need. We also reiterate the intention of the United States Government to ensure that our trade policies serve to reinforce our national security interests around the world. International trade policies and practices must promote the causes of freedom, human rights, and economic growth everywhere.
World Trade Week is a truly appropriate time to remember the many benefits international trade has conferred on our country and to reflect on the many blessings the spread of economic freedom has brought, and can bring, to people in every nation.
Therefore, I, Ronald Reagan, President of the
Witness Whereof, I have hereunto set my hand this fifth day of May, in the year
of our Lord nineteen hundred and eighty-eight, and of the
[Filed with the Office
of the Federal Register, ,