276. Editorial Note
President Nixon and Japanese Prime Minister Tanaka met in Hawaii August 31-September 1, 1972, to discuss a wide range of topics of mutual concern. In addition to political and security issues, the two leaders exchanged views on monetary, trade, and other economic matters. They reaffirmed, for example, the February 9, 1972, joint statement ( Document 268) to begin and support trade negotiations on industry and agriculture in 1973. “In this connection,” the joint statement issued at the end of the Hawaii meeting read, “they noted the need in the forthcoming trade negotiations to lay the basis for further trade expansion through reduction of tariff and nontariff barriers as well as formulations of a multilateral non-discriminatory safeguard mechanism.” The statement [Page 702]also indicated that Prime Minister Tanaka agreed to try to promote U.S. imports and “to reduce the imbalance [of trade] to a more manageable size within a reasonable period of time.” For full text, see Public Papers of the Presidents of the United States: Richard Nixon, 1972, pages 844-846.