On the recordJanuary 14, 1994
We have--where is our support for them, is that what you said? We have some institutions, the Export-Import Bank and the office of private investment, which help private investors to invest in other countries. But the main thing we are trying to do now, we need much more--there should be much more American investment in Russia. Two of my Cabinet members met with the American business community here yesterday morning. And in March the Secretary of Commerce is coming here with a large group of American businessmen to encourage them to invest. We have also taken all the duties, all the extra taxes off of nearly 5,000 Russian products which can now be sold without handicap into the United States. So we are trying to figure out not only how we can invest more here but how we can buy more of your products. And in the end, that is much more important to your economic future than any direct Government aid, because in our economy there is so much more money in the private sector than in the Government sector. So we are working on that. And I hope in March when the American Investment and Trade Mission comes here, it gets a lot of publicity and that they get a chance to meet a lot of people and to learn a lot about how we can do that. If they need help with the financing for investment, we actually have institutions to do that also to help them move----
Source
govinfo.gov




