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<h1 class="nist-page__title">ASME-Industry Standards Summit</h1>
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<div class="datetime"><time datetime="1998-04-15T12:00:00Z">April 15, 1998</time>
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<p>Robert Mallett<br>Commerce Deputy Secretary</p>
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<p>Thank you, Jim, and good morning.</p><p>As anyone in Washington quickly learns, there are plenty of things you cannot do ... more things you should not do ... but one thing you must do. And that is get invited to lots of conferences. So I try to select wisely, and when I discussed this invitation with Ray Kammer, it became very clear this is one I absolutely should do. So, I am grateful to be here.</p><p>I joined the Commerce Department at what is a great time to own a business in America. Since President Clinton has been in office, 15 million new jobs have been created. Unemployment is at its lowest level in 24 years. Inflation is at the lowest level in 30 years. We have the highest home ownership in history. And the federal budget deficit is about to become a surplus – the first in 30 years. Clearly, these are good economic times. And clearly we need to maintain our momentum.</p><p>Our robust economy must continue to grow so all Americans have the opportunity to improve their own bottom lines – so they can raise the quality of their lives and invest in an even better future for their children. President Clinton believes that to keep the economy strong, training and education must be our highest priority. For today, we have more jobs than people with the skills to fill them. Every time I speak to business people about the need for trained workers, I see the heads nod. They all know it's true.</p><p>Secretary Daley believes very strongly that technology will keep the economy growing. In fact, as we meet, Secretary Daley is releasing a major study that shows information technologies have been responsible for – listen to this – one-quarter of the growth of this remarkable economy. And let me say, the President – and particularly the Vice President – have made sure that as we cut the budget, we still maintained investments in science and technology.</p><p>We have several good programs at Commerce, by the way. Our Advanced Technology Program, which co-funds with industry –&nbsp;high-risk R&amp;D ........ our Manufacturing Extension Partnership, more than 400 locations strong, helping smaller manufacturers apply technologies ... and, of course, the NIST Laboratories, where the nuts and bolts work gets done.</p><p>I know ASME has been very supportive of these programs, and I thank you.</p><p>And one other way to keep the economy strong is through trade. And we are developing trade in new areas of high potential. Twenty years from now, history will show that the President's trip to Africa had a great impact – it opened the door to Africa, just as President Nixon's historic trip to China changed our view and focus on that country. Africa is a continent larger than the US, Europe, China, and Japan combined. Over 700 million people. We have more exports to Africa than to all of the former Soviet Republics combined. But still trade with Africa is only 1% of all US exports.</p><p>This evening, the President leaves for Chile. Secretary Daley will be joining him. They will be attending the Summit of the Americas, with leaders from every democracy, to begin the work to make this hemisphere a free trade zone by 2005. Forty percent of America's exports go to this hemisphere. Our exports to this region are growing at twice the rate they are to any other region in the world. This is a new global economy. And I think everyone in this room would agree. We need a vision of how we can make U.S. product inspections and tests acceptable everywhere ...and maintain the highest level of protection of safety and the environment.</p><p>Over the past century, 600 U.S. organizations have evolved to address the technical needs of specific industries. They have done their job well, and some – like ASME – have developed a national and international consensus that is relied upon in scores of nations. But too often we are a bystander on the international scene. And to be honest, that's just how competitor nations and companies prefer us to remain. Well, we want to change that.</p><p>I firmly believe U.S. industry leaders – yo
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Created October 16, 2009, Updated October 25, 2016
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