Impact of Unfair Foreign Trade Practices: Hearing Before the Subcommittee on Economic Goals and Intergovernmental Policy of the Joint Economic Committee, Congress of the United States, Ninety-ninth Congress, First Session, March 20, 1985
United States. Congress. Joint Economic Committee. Subcommittee on Economic Goals and Intergovernmental Policy
U.S. Government Printing Office, 1985 - Balance of trade - 196 pages
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able achieve activities addition agreement American Association barriers believe billion capital chip commitment Community competitive concerns consumer continue cost countries demand designed dollar domestic Economic effect effort electronics encourage equipment establish estimate European example export export control fact Figure foreign Government growth high technology impact imports increase investment Japan Japanese firms Japanese market laws liberalization licensing major manufacturing market share measures MITI negotiations operations particularly past percent period position practices problem proposals protection purchasing recent regulations remain reported represents restrictions result sector semiconductor companies semiconductor industry Senator significant steps strong substantially successful supply tax credit telecommunications trade U.S. companies U.S. firms U.S. Government U.S. industry U.S. market U.S. semiconductor U.S. semiconductor industry U.S. share United virtually world market
Page 90 - US preeminence in technology." and continuing: "In order to make technology a continuing competitive advantage for the United States, we need to do three basic things: 1) create a solid foundation of science and technology that is relevant to commercial uses; 2) apply advances in knowledge to commercial products and processes; and 3} protect intellectual property by strengthening patent , copyright, trademark, and trade secret protections.
Page 57 - US firms' sales fell dramatically, sometimes to zero. Given the buy-Japan policies and the increasing ability of Japanese companies to replicate foreign chips, the US share began declining in 1980 and, in 1982, was lower than the US share in 1974, the last year the market was protected by quotas. High Technology Working Group...
Page 49 - Imports were restricted by prior approval requirements and quotas. Investment in semiconductors was restricted by placing the industry on the so-called "negative list." This meant that foreign majority ownership in such industries was not permitted without prior government approval, which was almost never granted. Those US firms which were allowed to establish subsidiaries in Japan were often forced to agree to production limits and license their technology to their...
Page 36 - US semiconductor producers' role in the Japanese market is not much different than it was when the market was formally protected a decade ago - they are residual suppliers to whom Japanese customers turn when no Japanese source of supply is available or when Japanese firms do not produce a comparable product". It is further added that "the 1983-84 import promoting effort appears to have produced, temporarily, a slight increase in US share, but this is proving a transient gain".
Page 195 - Thank you very much. The subcommittee stands adjourned. [Whereupon, at 11:15 am, the subcommittee adjourned, subject to the call of the Chair.] [The following information was subsequently supplied for the record:] 195 SUITE 801 . 1620 EYE STREET, NW • WASHINGTON.
Page 157 - I want to take this opportunity to thank you, Mr. Chairman, and all the members of this subcommittee, for the additional funds and positions you provided in fiscal 1977 and 1978.
Page 36 - Japanese companies" (p. 33). In view of the recently-completed negotiations, semiconductors deserve particular attention. The Semiconductor Industry Association [1985, p. 1] has claimed that, "despite MITI's recent market-opening efforts, the US semiconductor producers' role in the Japanese market is not much different than it was when the market was formally protected a decade ago - they are residual suppliers to whom Japanese customers turn when no Japanese source of supply is available or when...
Page 13 - They are the most formidable that US industry faces in any major world market.
Page 62 - In the 12 months between the second quarter of 1980 and the second quarter of 1981, quarterly sales dropped from just under SI.