U.S., Japan Reach Agreement on Cellular Telephone Market
Compiled From News Services, St Louis Post-Dispatch (MO)
President Bill Clinton announced an agreement Saturday to improve foreign - especially U.S. - access to Japan's cellular telephone market.
Resolving the dispute "demonstrates that the United States and Japan can work together to open up jobs in America by opening up markets in Japan," Clinton said in his weekly radio address.
But it was not clear how far the accord would go toward defusing tensions over U.S. efforts to narrow the $59.3 billion trade imbalance with Japan.
The dispute over Motorola's access to the Japanese cellular phone market had become a flash point in U.S.-Japan trade relations, with the United States last month threatening trade sanctions.
On Saturday, Clinton said: "This is a big win for everyone. Workers in the United States will gain because the agreement means more demand for cellular telephones and related equipment made in America. Japanese consumers win because they'll have access to better service and better technology at better prices. Even Japanese manufacturers may win because of the increased demand for cellular telephones. …