Speech #870025351

This. to me. is the great virtue of the Organization for Economic Cooperation and Development. It carries with it the recognition that expanded opportunities for all countries in the free world depend on sensible and sensitive attention to the needs of all economies. and that planning in this area may well result in greater free trade. In my speech on March 3. I recommended a slidingscale import quota system. provided through negotiated agreements. to solve troublesome problems of import competition. This recommendation was tied to our problems with low wage countries. As you know. this is a critical problem in the textile industry.