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Statement of William C. Duncan, General Director, Japan Automobile Manufacturers Association, USA, Reaction to Administration Report Monitoring US-Japan Automotive Framework Agreement
[December 4, 1997]
For Release Contact:
Charley Powers
202 452 1670
WASHINGTON, DC, December 4, 1997--As everyone knows, Japan's auto market is down, but this is no reason for pessimism over the Framework Agreement. Nearly 85 percent of the import decline is due to cutbacks in Japanese shipments from their own plants overseas. Japanese consumers want to be offered high quality products designed to meet their tastes and needs. European makers have done this and are keeping pace with the market. The story is now one of product, not access.
For more information, contact Charley Powers, (202) 452-1670--JAMA News Bureau
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