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Publication: European Stars and Stripes Sunday, November 20, 1994

You are currently viewing page 13 of: European Stars and Stripes Sunday, November 20, 1994

   European Stars and Stripes (Newspaper) - November 20, 1994, Darmstadt, Hesse                                Sunday. November 20, 1994 Money matters the stars and stripes Page 13 just for China a prospective buyer examines a Mercedes Benz acc at an exhibition of family cars i Beijing. The Sedan was designed for the chinese Market by Mercedes engineers with help from chinese experts. The design which features the engine below the seats comes in five different body styles. U. S. Eco Horny boosted says Washington a the North american free Trade agreement is proving to be an eco nomic Boon and a creator of jobs Commerce Secretary Ron Brown said. Figures for the first nine months of the pact which went into effect Jan. 1, totally take the wind out of the sails of those who were making these predictions about the outflow of jobs and the damage to the United states Economy Brown said Friday in a Telephone interview just the opposite has proven to Bethe Case. Naftal has helped with economic growth and Job creation Here at Home which is exactly what we  exports to Canada and Mexico account for almost half of Overall . Export growth the Commerce figures showed. While . Exports world wide were up 7 percent for the first nine months of 1994, exports to Canada and Mexico were up 14 percent in the same period. . Exports to Mexico Are at re Cord Levels and were up 22 percent for the nine month period. Imports were up 23 percent. Trade with Canada the United states largest trading partner also grew after Naftal s implementation with . Exports to Canada up 11percent. Imports from Canada were up percent. Naftal opponents suggest the Ros Outlook does t take into account the fact that the . Trade surplus wit Mexico is dwindling. At a news con Ference thursday critics said the de Clining Trade surplus is a sign of the Trade pact s problems. Lower mexican wages encourage americans to buy mexican goods that Are cheaper to manufacture they said and keep mexicans from buying More High priced .Goodsi Brown rejected the Contention thata declining Trade surplus with Mexico is proof that Naftal is hurting . Economy. The gains you count Are not sur plus or deficit gains,1 he said. The gains Are economic activity gains. Jobs and growth have been created and Are attributable directly to opponents Brown said Don seem to understand that economic growth in Mexico is Good for  More the mexican Economy is growing the More american goods products and services mexicans want  Mutual new York a weekly investing com pants gym the ngh Tow and last Nav or the week with the net change from the previous week s last Nav. Al quotations supplied by the National association of securities beaters in reflect net asset values at which securities could have been sold. 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