256. Editorial Note
On October 29, 1964, the White House released Presidential Statement No. 8 on expanding world trade. This statement was one of a series of ten statements on economic issues that on October 25, 1964, the President announced would be issued over the new few days. For text of the October 25 announcement, see Public Papers of the Presidents of the United States: Lyndon B. Johnson, 1963–64, Book II, pages 1426–1427.
[Page 673]After mentioning that the policy of trade liberalization “has served this country well,” Presidential Statement No. 8 referred to the Trade Expansion Act of 1962 and the Johnson administration’s full commitment “to its vigorous implementation.” The statement further noted that the current sixth round of the GATT negotiations “may be lengthy, complex, and at times difficult, but we are prudently confident of fruitful results.” Although it conceded that “special import difficulties confronting certain sections of our economy may at times require remedial actions” and cited the administration’s measures to meet the problems of meat producers and apparel manufacturers, it hoped that such actions would be “the exception rather than the rule.” For text of this statement, see ibid., pages 1518–1519.