Bill Clinton: “and Competition Policy June 19, 1997 I. Basic Principles A. In today's increasingly integrated world economy, it is…”

“and Competition Policy June 19, 1997 I. Basic Principles A. In today's increasingly integrated world economy, it is becoming more important to address consumers' interests in expanded choices of products and services that are readily available at lower prices, through enhanced competition and improved market access opportunities. With a view to meeting consumers' interests and to improving market access for foreign companies and foreign goods and services, the President and the Prime Minister decided in April 1997 to strengthen the dialogue between and reinforce the efforts of their governments with regard to deregulation and competition policy under the U.S.-Japan Framework for a New Economic Partnership (``Framework''). This Enhanced Initiative on Deregulation and Competition Policy (``Enhanced Initiative'') is intended to carry out that decision. B. The objective of the Enhanced Initiative, which will address both sectoral and structural issues, is to conduct a serious exchange of views and to undertake measures, as called for in the Framework, to ``address reform of relevant government laws, regulations, and guidance which have the effect of substantially impeding market access for competitive goods and services'' in order to enhance consumers' interests and to increase efficiency and promote economic activity. C.…”