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Office of the Press Secretary

For Immediate Release March 14, 1996
                    AND INVESTMENT POLICY 

     President Clinton today announced his intent to appoint 

Kenneth D. Brody and Clyde Prestowitz, Jr. as the Chair and Vice Chair, respectively, of the new 18--member Commission on United States Pacific Trade and Investment Policy.

Mr. Kenneth D. Brody of Washington, D.C. will serve as Chair and Member of the Commission. He served as President and Chairman of the Export-Import Bank of the United States from 1993 to the beginning of 1996. Prior to joining the Export-Import Bank, he spent twenty years with Goldman, Sachs & Co.,an investment banking firm, where he was a partner and member of its management committee. Mr. Brody is on the board of the American Red Cross and is a member of the Council of Foreign Relations. He earned an M.B.A. from the Harvard Business School and a B.S. in Electrical Engineering from the University of Maryland.

Mr. Clyde V. Prestowitz, Jr. of Maryland will serve as Vice Chair and Member of the Commission. He is founder and president of the Economic Strategy Institute.
He is also a former senior associate at the Carnegie Endowment and a fellow at the Woodrow Wilson International Center for Scholars, where he wrote his book, Trading Places, on U.S.-Japan relationship. Prior to this, Mr. Prestowitz had a long career in international business with the American Can Company and the Scott Paper Company. He earned a B.A. from Swarthmore College, an M.A. in East-West Policies and Economics from the East-West Center of the University of Hawaii, and an M.B.A. from the Wharton Graduate School of Business.

The Clinton Administration's policies on trade have contributed to an unprecedented export boom for the United States. The formation of the Commission reflects the significant challenges and opportunities that Asia poses for U.S. trade policy.

The Commission on United States Pacific Trade and Investment Policy was established by Executive Order 12964 on June, 1995. The Commission's purpose is to advise the President and the Congress on steps the United States should take to achieve a significant opening of Japan, China, and other Asian and Pacific markets. The Commission will focus on reducing trade and investment impediments, with the goal of moving toward more reasonable trade relationships and creation of a maximum number of high-wage jobs in the United States.