All imported sugar will be subject to fixed fees of 2.7 cents per pound for raw sugar and 3.22 cents per pound for refined sugar.

The fixed fee system eases the administrative burden, reduces the potential for price manipulation, and is familiar to the trade.

It's clear that our heavy dependence on imported oil is a main part of our trade problem.

We already have a good relationship with Poland in cultural exchange, in technological and scientific cooperation, and in rapidly growing level of trade.

Trade between nations, no matter how great it is, does not necessarily lead to peace.

Trade by itself does not lead to peace.

After discussions on trade matters, a communiqué as issued on an agreement between Soviet leaders and President Nixon to establish a U.S.-U.S.S.R. Commercial Commission.

The second area is the area of trade.

As our trade expands, production and employment in the American economy will be stimulated and our balance of payments placed in better equilibrium.

I AM pleased to announce that the steel producers of Japan, the European Community, and the United Kingdom have expressed their intention to restrain on a voluntary basis their exports of steel mill products to the United States during the next 3 years.

For some time, I have been deeply concerned about the serious problem that excessive imports have posed for our steelworkers and our steel industry.

This Proclamation shall be effective with respect to merchandise entered, or withdrawn from warehouse, for consumption on or after December 20, 1971.

Deal with international economic policies--including trade, investment, balance of payments, finance--as a coherent whole.

No licenses shall be issued which will permit entry during the first six months of a quota year of more than one-half of the quantities specified in the column entitled 'Quota Quantity' for any of the articles subject to the quotas provided for in items 950.07 through 950.10E, 950.15, and 950.16.

This proclamation shall be effective with respect to articles entered, or withdrawn from warehouse, for consumption on or after the date of this proclamation.

The United States will continue to exert every effort to assure that these negotiations yield extensive reductions in restraints on trade in all classes of goods, including agricultural products.

It has provided the American businessman with increased opportunities to export more United States products and services.

We propose to compete fairly and vigorously for the fast growing markets in the world.