that there is need for this jurisdiction. The Federal Trade Commission can take action at present on unfair acts, whether they be on the part of importers or domestic sellers. There is nothing in the history of Section 337 or of the FTC Act to show any real requirement for the remedy of exclusion of imports. TITLE IV: INTERNATIONAL TRADE POLICY MANAGEMENT It is suggested that Section 401, relating to balance of payments authority, should provide that the President's action must be consistent with the international obligations of the United States. The reasons for this are the same as are discussed above in connection with Section 301. It is unlikely that any President would choose to act contrary to the international legal obligations of the United States, as interpreted by his own legal advisers. Why then alarm friendly nations by suggestions that he would do otherwise? The other criticism that we have of this Title deals with the opportunity to be heard or to present views. While this may be impracticable with respect to Section 401, we see no likelihood that action would have to be taken under some of the other Sections with such urgency that hearings could not be held, or—at least that interested parties could not be given the opportunity to submit views. We refer to Section 402, relating to withdrawal of concessions; to Section 405, relating to suspension of import barriers to restrain inflation; and to Section 408, relating to authority to terminate actions taken under trade agreements. All experienced administrators will appreciate that such provisions are a safeguard to the Executive himself, because it is never possible to be sure that all the problems that will be raised by a particular course of action will be foreseen. TITLE V MOST FAVORED NATION TREATMENT FOR COMMUNIST COUNTRIES The United States-Japan Trade Council welcomes the steps that have been taken toward closer world-wide trade relations. We believe it to be in the interest of all concerned, from a political as well as an economic point of view, for commerce to be conducted freely among all nations of the world. For this reason, we generally support Title V of the Act. TITLE VI: PREFERENTIAL TARIFF TREATMENT FOR DEVELOPING COUNTRIES We also support the generalized system of preferences provided in Title VI. This has been agreed among all of the major nations of the world and has already been put into effect, with variations from country to country, by Japan and the EEC. TITLE VII: GENERAL PROVISIONS The only one of the general provisions on which we desire to comment is Section 708, providing authority for the President to simplify and modify U.S. tariff schedules. Our experience indicates that this is a worthwhile provision, because the various changes which are made in the course of trade agreements have tended historically to complicate rather than to simplify tariff schedules. It would be helpful that greater attention be given in such negotiations to simplification of the rate structures. As we interpret Section 708, it would give authority to conform the tariff descriptions accordingly. CONCLUSION We agree with the authors of H.R. 6767 that the President must be given a large amount of discretionary authority if the United States is to wield maximum leverage during the upcoming round of trade negotiations. We are concerned, however, by those provisions of the bill-principally Sections 301 and 401-that would authorize the President to take actions not necessarily in accordance with this country's international obligations. While we generally support the negotiat ing authority, most favored nation and generalized tariff preferences titles of the proposed legislation, we set forth specific suggestions with respect to some provisions in Titles II, III, and IV. In a more general vein, I have described in some detail the steps Japan has taken to upvalue its currency and open its market to U.S. exports and investment capital. We believe these efforts deserve to be more widely recognized, not only for their economic impact, but also as evidence of Japan's good will toward the United States. We feel there is too little awareness in this country of this good will and of what a difficult and complex task it has been for Japan to radically revise its trade structure, often at considerable cost to its domestic industries and workers. This has now been done, and the results are beginning to become apparent. But let us not forget the larger framework in which U.S.-Japan economic relations are set: Our countries are the largest overseas trading partners in history; The continued growth and profitability of this trade is an important element in the prosperity of both countries; and Our economic relations are, in turn, a key component of our larger political relations, described by the President as the "linch pin" for peace in the Pacific. Thus the restoration of economic harmony between the two countries and a healthier trade and payments situation is a matter of the greatest importance for Americans and Japanese alike. I believe we are well on the road to achieving that harmony, and that men of good will can only be greatly heartened by the recent developments that have been cited. I appreciate the opportunity the Committee has given me to express our views on the proposed legislation and on U.S.-Japan relations. 1 Data are not adjusted for seasonal variation. 2 It should be noted that the figures on monthly rates of change of exports and imports during the January 1972-March 1973 period are distorted to some extent by dock strikes and their aftermath. Longshoremen were on strike at west coast ports between July 1, 1971, and Oct. 6, 1971, and between Jan. 17, 1972, and Feb. 20, 1972; they were also on strike at east coast and gulf ports from Oct. 1, 1971, until, in some cases, Nov. 26, 1971. Source: Adapted from U.S. Department of Commerce, Bureau of the Census, Highlights of Exports and Imports (FT 990). Membership List JULY, 1972 UNITED STATES-JAPAN TRADE COUNCIL 1000 CONNECTICUT AVENUE, WASHINGTON, D. C. A & A Trading Corp. 2615 West 7th Street Fort Worth, Texas 76107 A & S Corp. PO Box 339 Verona, NJ 07044 A-T-O Inc. 4420 Sherwin Road Abe Abadi 303 Fifth Avenue Accura, Ltd. 135-06 Northern Blvd Acme United Corp. 100 Hicks Street Air Products & Chemicals, Inc. Air-Sea Forwarders, Inc. 10425 La Cienega Blvd. Ajax International Corp. Santa Barbara, Calif. 93103 Ajinomoto Company of New York, Inc. 1212 Squibb Bldg. Michio Akachi 3310 Claridge Court Alan Motor Lines, Inc. 10 Morton Street East Rutherford, NJ 07073 Alaska Dept. of Economic Development Pouch EE Juneau, Alaska 99801 Alaska Lumber & Pulp Co., Inc. 1001 Fourth Ave., Room 2121 Seattle, Wash. 98104 Alba Forwarding Co., Inc. 30 Vesey Street New York, NY. 10007 Dan. E. Albertson CHES DIV, NAV FAC ENG COM Robert Z. Aliber 5836 Greenwood Avenue Chicago, Ill. 60637 American Commercial Incorporated 15711 So. Broadway Gardena, Calif. 90247 American Export Isbrandtsen Lines 26 Broadway New York, NY 10004 American Flectcher National Bank and Trust Company 108 North Pennsylvania Street Indianapolis, Ind. 46204 The American Import Company 1167 Mission Street San Francisco, Calif. 94103 American-Israeli Shipping Co., Inc. 11 Broadway New York, N.Y. 10004 American Koyo Corp. American Mail Line 1010 Washington Bldg. American Metal Climax, Inc. 1270 Avenue of the Americas New York, NY 10020 American President Lines 601 California Street San Francisco, Calif. 94108 American Roland Corporation American Surveys 2000 N Street, N.W. Ampco Metal, Inc. P. O. Box 2004 1 Amphenol Components Group Oak Brook North Oak Brook, Ill. 60521 Amsterdam Corp. 41 East 42nd Street New York, N.Y. 10017 Arthur Andersen & Co. 69 West Washington Street 1345 Avenue of the Americas Anderson & Thompson Ski Co., Inc. Andrew Corporation 10500 West 153rd Street Angel-Etts of California, Inc. Angove-Rex Corporation 17000 West Eight Mile Road Anti-Friction Bearing Mfg. Association 60 East 42nd Street Apex Coated Fabrics Co., Inc. Hauppauge, N.Y. 11787 Argus Incorporated 3325 Platt Spring Road Aristo-Craft Distinctive Miniatures Bourns, Inc. 1200 Columbia Avenue Riverside, Calif. 92507 Bowes Seal Fast Corp. 5902 East 34th St. Indianapolis, Inc. 46218 Robert L. Brandfon College of the Holy Cross Brettler International Sales Corp. Samuel Brilliant Co. 2 Midway Street Brother International Corporation 680 Fifth Avenue New York, NY 10019 Brown Brothers Harriman & Co. 59 Wall Street New York, NY. 10005 The Buchanan Company 25625 Southfield Road Southfield, Mich. 48075 Bufkor Incorporated P. O. Box 217 Buffalo, NY. 14211 Bunge Far East Agencies 40 Nassau Street New York, NY. 10005 A. L. Burbank & Company, Ltd. 1 World Trade Center, Suite 2811 New York, N.Y. 10048 Burlington Industries, Inc. 1345 Avenue of the Americas New York, N.Y. 10019 Busby Rivkin Sherman & Levy 750 Third Avenue New York, NY. 10017 Bushnell Optical Corp. 2828 East Foothill Blvd. Pasadena, Calif. 91107 Business Equipment Company 531 Mission Street San Francisco, Calif. 94105 Business International Corp. 1625 Eye St., N.W., Suite 914 Washington, D.C. 20006 W. J. Byrnes & Co. 125 West Fourth Street C Calgon Corporation Box 1346 Calgon Center Pittsburgh, Pa. 15230 California Council for Int'l Trade 1333 Gough St. San Francisco, Calif. 94109 Jessie M. Canning Associates 540 Madison Avenue New York, NY 10022 Canton-Son, Inc. 12 West 27th Street New York, NY 10001 Carfel Imports Supply, Inc. John V. Carr & Son, Inc. PO Box 1918 Detroit, Mich. 48231 Castelazo & Associates 408 South Spring Street Los Angeles, Calif. 90013 A. M. Castle & Co. 801 North Kresson Street Baltimore, Md. 21205 Castner, Curran & Bullitt, Inc. 60 East 42nd Street Central Cleveland International Bank 40 Wall Street New York, NY. 10005 Central Glass Co., Ltd. One World Trade Center, #3947 Central Pacific Bank Centro de Estudios Orientales 300 East Joe Orr Road Chadwick-Miller, Inc. 690 Dudley Street Charles Wholesale Rug Importers, Inc. 312 Hanover St. Wilmington, N.C. 28401 Chemical Bank New York Trust Co. 20 Pine Street New York, NY. 10015 Chevron Chemical International, Inc. 200 Bush Street San Francisco, Calif. 94104 Chicago Association of Commerce & Industry 130 South Michigan Avenue The Chicago-Tokyo Bank The Chiyoda Fire & Marine c/o Frank B. Hall & Co., Inc. 88 Pine Street New York, NY 10005 Chori America, Inc. 350 Fifth Avenue New York, NY 10001 The Chuo Trust & Banking Co., Ltd. 40 Wall Street, Rm. 1040 New York, N.Y. 10005 Cities Service International, Inc. 60 Wall Tower New York, New York 10005 Citizens & Southern National Bank City Bank of Honolulu PO Box 3709 Thomas W. Cleaver 36 Aldwyn Lane Clinton, Andersen, Fleck & Glein Coca Cola Export Corp. 515 Madison Avenue Cole Commercial Company, Inc. 675 Avenue of the Americas Collier, Shannon, Rill & Edwards Thomas Collier & Associates 10889 Wilshire Blvd., Suite 801 Los Angeles, Calif. 90024 Dr. Salvatore Comitini University of Hawaii 1110 University Ave., Rm. 401 Honolulu, Hawaii 96814 Complex America Corp. Beaver Hill Bldg, South Consolidation Coal Company Consul & Mutoh, Ltd. 519 Davis Street Continental Bank International New York, NY 10006 Continental Grain Company 2 Broadway New York, NY 10004 Continental Hair Products, Inc. 2145 Marion Place Coudert Brothers 1 Farragut Square South M. S. Cowen Company 1399 Battery Street San Francisco, Calif 94111 Cox, Langford & Brown 21 Dupont Circle. N.W. Washington, DC 20036 Craig Corp. 921 West Artesia Blvd. Compton, Calif. 90220 Cranston Mach. Co., Inc. P.O. #68207 Oak Grove, Oregon 97268 Crocker-Citizens National Bank 1 Sansome Street San Francisco, Calif. 94120 Crown Zellerback Corp. One Bush St., Room 830 San Francisco, Calif. 94119 Cubic Corporation 9233 Balboa Avenue The Cu-Lin Co. 235 East 162 Street Culver Electronic Sales, Inc. Cummins Engine Company, Inc. Daido Corp. 7020 Lawndale Avenue P. O. Box 1230 East Rutherford, NJ, 07073 Daido Steel Company, Ltd. 200 Park Avenue, Suite 342-East New York, NY. 10017 The Dai-Ichi Kangyo Bank, Ltd. One World Trade Center Suite 4911 New York, NY. 10048 Dainippon Ink & Chemicals America Inc. 122 East 42nd Street New York, NY 10017 The Daiwa Bank, Ltd. 611 West Sixth St., Suite 1000 Los Angeles, Calif. 90017 140 Broadway New York, NY 10005 The Daiwa Securities Co. America, Inc. 100 Wall Street New York, NY. 10005 Daiwa Spinning Co., Ltd. Dant & Russell, Inc. 2000 SW 5th Avenue Del Monte Corp. P.O. Box 3575 San Francisco, Calif. 94119 Delli, Inc. 674 Harrison Street San Francisco, Calif. 94107 Delrey International, Inc. PO Box 907 Sausalito, Calif. 94965 Delson & Gordon 230 Park Avenue Dr. Edwards Deming 4924 Butterworth Place Washington, D.C. 20016 Dentsu Advertising Ltd. 505 Fifth Avenue New York, NY 10017 Detroit Bank & Trust Co. P. O. Box 59 Detroit, Mich. 48231 Dixie Trading Company 1526 Forrest Avenue Atlanta, Ga. 30344 5 |